NYSE$MTNB

Matinas BioPharma Holdings Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Matinas BioPharma reported 2023 financial results and provided a business update.

Matinas BioPharma reported revenue of $1.1 million for 2023, primarily from research collaborations. The company's net loss for the year was $22.9 million, or $0.11 per share. Cash, cash equivalents, and marketable securities totaled $13.8 million as of December 31, 2023, expected to fund operations through Q3 2024.

  • Clear registration pathway and FDA agreement on the ORALTO Phase 3 trial for MAT2203 represent critical steps forward and supports partnership discussions
  • Continued success of Compassionate/Expanded Use Access Program demonstrates potential of MAT2203 in treating multiple severe invasive fungal infections, including invasive aspergillosis
  • Successful in vivo LNC platform studies demonstrating the oral delivery of small oligonucleotides with biological activity and the dramatically improved safety of LNC-docetaxel over IV-docetaxel, with similar efficacy, supports the future use of the LNC platform in inflammation and oncology
  • Matinas is actively pursuing partnership opportunities to advance MAT2203 into Phase 3 as quickly as possible.

Headline financials

Total Revenue

$0.00

Previous: $1.06M-100.0%
EPS (adj)

-$1.50

Previous: -$1.00-50.0%
Capital Expenditures

$0.00

Previous: $41.6K-100.0%
Free Cash Flow

-$4.58M

Previous: -$4.34M-5.5%
Net Income

-$22.9M

Previous: -$21M-9.0%
Operating Income

-$5.89M

Previous: -$5.48M-7.4%
Gross Profit

-$240K

Previous: $1.06M-122.6%
R&D Expense

$3.67M

No prior period
Stock-Based Comp

$1.27M

Previous: $1.34M-5.1%

Revenue & EPS history

Matinas BioPharma · Revenue · Quarterly

$0

Q4 2023-100%vs Q4 2022
Beat estimate in 3 of 5 quarters(60%)
ActualEstimate

Forward guidance

Matinas BioPharma believes its cash position is sufficient to fund planned operations through the third quarter of 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-2.1%

Avg return

Earnings day

-2.9%

Avg return

5 days after

-1.9%

Avg return

30 days after

37%

14 / 38 earnings

Positive

+43.0%

Q2 2025

Best reaction

-41.3%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025+2.6%+4.3%-32.2%
Q2 2025+43.0%+5.5%+10.9%
Q2 2024-1.3%+9.0%+17.3%
Q1 2025+6.3%+2.5%+15.0%
Q4 2025-6.0%-7.5%+21.2%
Q3 2024-15.0%-18.1%-23.9%
Q1 2024-1.1%-1.1%-10.7%
Q4 2023-5.2%+29.4%-37.4%
Q3 2023-24.3%-31.9%-21.9%
Q2 2023-41.3%-50.0%-50.9%
Q1 2023-12.5%-15.5%-26.0%
Q4 2022+2.1%-11.1%-2.2%
Q3 2022-3.3%-5.0%-15.2%
Q2 2022-4.7%-8.4%-12.9%
Q1 2022+6.7%+6.5%+32.0%
Q4 2021+12.9%+6.9%+40.0%
Q3 2021-6.8%-2.8%+3.7%
Q2 2021-2.5%-5.7%+2.7%
Q1 2021+2.6%-3.8%+7.1%
Q4 2020-2.7%-1.8%-98.3%
Q3 2020-2.6%-3.6%+29.0%
Q2 2020-3.8%-7.2%-22.0%
Q1 2020+8.9%+11.7%+29.7%
Q4 2019-14.6%-34.0%-49.1%
Q3 2019-4.8%+31.2%+96.8%
Q2 2019+6.2%+6.7%+2.1%
Q1 2019+1.8%+10.0%-7.8%
Q4 2018-0.9%-1.8%-7.2%
Q3 2018-25.2%-29.8%-28.8%
Q2 2018-1.4%+5.0%+26.1%
Q1 2018-1.0%+0.6%+8.6%
Q4 2017-5.5%-12.8%-38.8%
Q3 2017+2.6%+4.4%+24.6%
Q2 2017+14.4%+5.6%+9.6%
Q1 2017+2.9%+7.6%-7.3%
Q3 2016-6.3%-4.0%-20.0%
Q2 2016+3.2%+1.5%+64.7%
Q1 2016
Q3 2015
Q3 2014-3.3%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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