AbCellera Biologics Q4 2023 GAAP EPS $(0.17) Misses $(0.13) Estimate, Sales $9.18M Beat $8.88M Estimate

2/20/24 4:26:02 PM ET

Pharmaceuticals and Biotechnology

Health Care

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AbCellera Biologics (NASDAQ:ABCL) reported quarterly losses of $(0.17) per share which missed the analyst consensus estimate of $(0.13) by 30.77 percent. The company reported quarterly sales of $9.18 million which beat the analyst consensus estimate of $8.88 million by 3.31 percent. This is a 57.40 percent decrease over sales of $21.55 million the same period last year.

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Recent Analyst Ratings for
$ABCL

Date	Price Target	Rating	Analyst
8/20/2024		Buy → Hold	The Benchmark Company
2/22/2024	$9.00	Hold → Buy	The Benchmark Company
12/5/2023	$6.00	Overweight	KeyBanc Capital Markets
11/6/2023		Buy → Hold	The Benchmark Company
10/13/2023	$20.00	Overweight	Piper Sandler
2/28/2023		Outperform	Cowen
12/15/2022	$30.00	Buy	Goldman
11/16/2022	$29.00	Buy	Truist

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AbCellera to Present at Upcoming Investor Conferences in November 2024
AbCellera (NASDAQ:ABCL) today announced that executives from the Company will be presenting at the following investor conferences: Stifel Healthcare Conference on Monday, November 18, 2024, at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time) Jefferies London Healthcare Conference on Tuesday, November 19, 2024, at 10:00 a.m. Pacific Time (5:00 p.m. Greenwich Mean Time) Live audio webcasts of each presentation may be accessed through links that will be posted on AbCellera's Investor Relations website. Replays of each webcast will be available through the same links following the presentations. About AbCellera Biologics Inc. AbCellera (NASDAQ:ABCL) discovers and develops antibody medic
10/22/24 4:05:00 PM ET
$ABCL
Pharmaceuticals and Biotechnology
Health Care
AbCellera Announces Presentation on T-cell Engager Platform at the Society for Immunotherapy of Cancer (SITC) Annual Meeting 2024
AbCellera (NASDAQ:ABCL) today announced an upcoming poster presentation on its T-cell engager platform at the SITC 39th Annual Meeting, to be held November 6 to 10 at the George R. Brown Convention Center in Houston, Texas. Details on AbCellera's poster presentation at SITC are as follows: Title: Profiling bispecific T-cell engagers: Strategies for enhancing potency while minimizing cytokine release Abstract Number: 1291 Date and Time: Friday, November 8 from 9:00 a.m. to 7:00 p.m. CST Location: Exhibit Halls A B George R. Brown Convention Center or online at https://www.sitcancer.org/2024/home About AbCellera's T-Cell Engager Platform CD3 T-cell engagers have the potential to be a corn
10/4/24 9:00:00 AM ET
$ABCL
Pharmaceuticals and Biotechnology
Health Care
AbCellera to Report Third Quarter 2024 Financial Results on November 4, 2024
AbCellera (NASDAQ:ABCL) will announce its third quarter 2024 financial results on Monday, November 4, 2024, and hold an earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) the same day. A live audio webcast of the earnings conference may be accessed through a link that will be posted on AbCellera's Investor Relations website. A replay will be available through the same link following the conference call. About AbCellera Biologics Inc. AbCellera (NASDAQ:ABCL) discovers and develops antibody medicines for indications across therapeutic areas including cancer, metabolic and endocrine conditions, and autoimmune disorders. AbCellera's engine integrates technology, data
9/26/24 4:05:00 PM ET
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AbCellera Announces Resignation of Board Member
AbCellera (NASDAQ:ABCL) today announced that Peter Thiel has notified the Company of his intention to resign from the Company's Board of Directors for personal reasons, effective March 7, 2024. "AbCellera continues to expand the frontier of biotech, a nefariously difficult and vital field," said Peter Thiel. "I am proud to have helped them with their mission." Mr. Thiel joined AbCellera's Board of Directors in November 2020 and served as the Chairman of the Company's Nominating and Corporate Governance Committee. Effective March 7, 2024, Dr. Andrew Lo, a member of the Company's Board of Directors, will be appointed to the Nominating and Corporate Governance Committee of the Board of Dir
2/23/24 4:30:00 PM ET
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DAMONA Pharmaceuticals Appoints John Reilly as Chief Executive Officer
TORONTO, June 13, 2023 /PRNewswire/ -- DAMONA Pharmaceuticals, a preclinical biopharmaceutical company focused on the discovery and development of first-in-class small molecules for the treatment and prevention of cognitive symptoms associated with brain disorders and aging, today announced the appointment of John Reilly as the company's Chief Executive Officer and member of the Board of Directors. Mr. Reilly brings two decades of leadership experience building and creating value for biotechnology companies, with deep knowledge and expertise in corporate strategy, business dev
6/13/23 7:59:57 AM ET
$ABCL
Pharmaceuticals and Biotechnology
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AbCellera Announces Changes to Its Board of Directors
AbCellera (NASDAQ:ABCL), a technology company with a centralized operating system for next-generation antibody discovery, today announced changes to its Board of Directors with the appointment of Andrew W. Lo, Ph.D., as an independent director and the resignation of John Hamer, Ph.D. Changes are effective immediately. Dr. Lo has developed new financial engineering tools and business models for drug and device development and healthcare delivery, statistical methods for incorporating patient preferences into the drug approval process, and machine-learning for predicting clinical trial outcomes. He will serve on the Audit and Compensation Committees of the Board of Directors. "Andrew is a d
12/7/21 9:00:00 AM ET
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AbCellera to Report Third Quarter 2024 Financial Results on November 4, 2024
AbCellera (NASDAQ:ABCL) will announce its third quarter 2024 financial results on Monday, November 4, 2024, and hold an earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) the same day. A live audio webcast of the earnings conference may be accessed through a link that will be posted on AbCellera's Investor Relations website. A replay will be available through the same link following the conference call. About AbCellera Biologics Inc. AbCellera (NASDAQ:ABCL) discovers and develops antibody medicines for indications across therapeutic areas including cancer, metabolic and endocrine conditions, and autoimmune disorders. AbCellera's engine integrates technology, data
9/26/24 4:05:00 PM ET
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Pharmaceuticals and Biotechnology
Health Care
AbCellera Reports Q2 2024 Business Results
AbCellera (NASDAQ:ABCL) today announced financial results for the second quarter of 2024. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. "This quarter, we made important progress on our internal pipeline and aim to submit applications for clinical trials for ABCL635 and ABCL575 in the second quarter of 2025. In parallel, we have focused preclinical work on our T-cell engager platform to four molecules for indications in oncology and autoimmunity," said Carl Hansen, Ph.D., founder and CEO of AbCellera. "Since our last earnings release, two of our partners have achieved notable milestones, including Abdera's IND clearance and Fast Tr
8/6/24 4:05:00 PM ET
$ABCL
Pharmaceuticals and Biotechnology
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AbCellera to Report Second Quarter 2024 Financial Results on August 6, 2024
AbCellera (NASDAQ:ABCL) will announce its second quarter 2024 financial results on Tuesday, August 6, 2024, and hold an earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) the same day. A live audio webcast of the earnings conference may be accessed through a link that will be posted on AbCellera's Investor Relations website. A replay will be available through the same link following the conference call. About AbCellera Biologics Inc. AbCellera (NASDAQ:ABCL) discovers and develops antibody medicines for indications across therapeutic areas including cancer, metabolic and endocrine conditions, and autoimmune disorders. AbCellera's engine integrates technology, d
6/25/24 4:05:00 PM ET
$ABCL
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AbCellera Biologics Q4 2023 GAAP EPS $(0.17) Misses $(0.13) Estimate, Sales $9.18M Beat $8.88M Estimate

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$ABCL Press Releases

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AbCellera to Present at Upcoming Investor Conferences in November 2024

AbCellera Announces Presentation on T-cell Engager Platform at the Society for Immunotherapy of Cancer (SITC) Annual Meeting 2024

AbCellera to Report Third Quarter 2024 Financial Results on November 4, 2024

$ABCL Analyst Ratings

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AbCellera Biologics downgraded by The Benchmark Company

AbCellera Biologics upgraded by The Benchmark Company with a new price target

KeyBanc Capital Markets initiated coverage on AbCellera Biologics with a new price target

$ABCL Insider Trading

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Chief Executive Officer Hansen Carl L. G. exercised 56,125 shares at a strike of $2.70, increasing direct ownership by 7% to 841,875 units (SEC Form 4)

Large owner Thermopylae Holdings Ltd. bought $739,977 worth of shares (283,516 units at $2.61), increasing direct ownership by 0.51% to 56,086,009 units (SEC Form 4)

Chief Operating Officer Lecault Veronique exercised 83,334 shares at a strike of $0.19, increasing direct ownership by 4% to 2,123,456 units (SEC Form 4)

$ABCL SEC Filings

Amendment: SEC Form SCHEDULE 13G/A filed by AbCellera Biologics Inc.

SEC Form 10-Q filed by AbCellera Biologics Inc.

AbCellera Biologics Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

$ABCL Market Insights

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Keybanc Maintains Overweight on AbCellera Biologics, Lowers Price Target to $5

Keybanc Maintains Overweight on AbCellera Biologics, Lowers Price Target to $7

AbCellera Biologics Q1 2024 GAAP EPS $(0.14) Beats $(0.16) Estimate, Sales $9.954M Miss $10.836M Estimate

$ABCL Leadership Updates

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AbCellera Announces Resignation of Board Member

DAMONA Pharmaceuticals Appoints John Reilly as Chief Executive Officer

AbCellera Announces Changes to Its Board of Directors

$ABCL Insider Purchases

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Large owner Thermopylae Holdings Ltd. bought $739,977 worth of shares (283,516 units at $2.61), increasing direct ownership by 0.51% to 56,086,009 units (SEC Form 4)

Montalbano John S. bought $137,400 worth of shares (30,000 units at $4.58), increasing direct ownership by 54% to 86,000 units (SEC Form 4)

Hayden Michael R bought $98,200 worth of shares (20,000 units at $4.91) (SEC Form 4)

$ABCL Large Ownership Changes

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SEC Form SC 13G filed by AbCellera Biologics Inc.

SEC Form SC 13G/A filed by AbCellera Biologics Inc. (Amendment)

SEC Form SC 13G/A filed by AbCellera Biologics Inc. (Amendment)

$ABCL Financials

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AbCellera to Report Third Quarter 2024 Financial Results on November 4, 2024

AbCellera Reports Q2 2024 Business Results

AbCellera to Report Second Quarter 2024 Financial Results on August 6, 2024

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