Aura Biosciences, Inc.
Description
Aura Biosciences, Inc., a clinical-stage biotechnology company, develops precision immunotherapies to treat a range of solid tumors. The company's proprietary platform enables the targeting of a range of solid tumors using virus-like particles conjugated with drugs or loaded with nucleic acids to create virus-like drug conjugates. Its lead candidate is bel-sar, which is in late-stage clinical development for the treatment of patients with primary choroidal melanoma and other ocular oncology indications, as well as in early-stage clinical development in bladder cancer. The company also focuses on assessing the safety and efficacy of bel-sar in treating a range of other solid tumors, including bladder cancer as an alternative to bacillus calmetteguérin therapy. Aura Biosciences, Inc. was incorporated in 2009 and is headquartered in Boston, Massachusetts.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 13, 2024 | -0.44 | -0.42 | 0.02 | -4.55% |
| Aug 8, 2024 | -0.45 | -0.41 | 0.04 | -8.89% |
| May 9, 2024 | -0.49 | -0.40 | 0.09 | -18.37% |
| Mar 27, 2024 | -0.41 | -0.56 | -0.15 | 36.59% |
| Nov 10, 2023 | -0.52 | -0.48 | 0.04 | -7.69% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | — | — | — |
Growth estimates
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Nov 14, 2024 |
HC Wainwright & Co.
Edward White
|
Reiterates | Buy | Maintains $22 |
| Oct 18, 2024 |
BTIG
Robert Hazlett
|
Maintains | Buy | ▲ Raises $21 → $24 |
| Oct 18, 2024 |
HC Wainwright & Co.
Edward White
|
Maintains | Buy | ▲ Raises $21 → $22 |
| Oct 18, 2024 |
Scotiabank
George Farmer
|
Maintains | Sector Outperform | ▲ Raises $20 → $23 |
| Sep 13, 2024 |
HC Wainwright & Co.
Edward White
|
Reiterates | Buy | Maintains $21 |
| Sep 13, 2024 |
JMP Securities
Jonathan Wolleben
|
Maintains | Market Outperform | ▲ Raises $19 → $23 |
| Aug 28, 2024 |
JMP Securities
Jonathan Wolleben
|
Reiterates | Market Outperform | Maintains $19 |
| Jul 25, 2024 |
HC Wainwright & Co.
Edward White
|
Initiates | Buy | Announces $21 |
| Dec 8, 2023 |
BTIG
Robert Hazlett
|
Maintains | Buy | ▼ Lowers $38 → $21 |
| Nov 10, 2023 |
JMP Securities
Jonathan Wolleben
|
Maintains | Market Outperform | ▼ Lowers $21 → $19 |
| Jul 27, 2023 |
Scotiabank
George Farmer
|
Initiates | Sector Outperform | Announces $23 |
| Mar 16, 2023 |
JMP Securities
Jonathan Wolleben
|
Maintains | Outperform | ▼ Lowers $30 → $25 |
| Nov 11, 2022 |
JMP Securities
Jonathan Wolleben
|
Maintains | Market Outperform | ▲ Raises $26 → $30 |
| Jul 19, 2022 |
JMP Securities
Jonathan Wolleben
|
Initiates | Market Outperform | Announces $26 |
| Nov 23, 2021 |
SVB Leerink
|
Initiates | Outperform | — |
| Nov 23, 2021 |
Cowen & Co.
|
Initiates | Outperform | — |
| Nov 23, 2021 |
Evercore ISI Group
|
Initiates | Outperform | — |
| Nov 23, 2021 |
BTIG
|
Initiates | Buy | — |
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | — | — | — | — | — |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | 65.23M | 42.24M | 25.16M | 18.04M | 19.62M |
| Selling general and admin | 19.76M | 18.06M | 10.09M | 4.16M | 4.52M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -84.99M | -60.30M | -35.25M | -22.21M | -24.14M |
| Non operating interest income | |||||
| Income | 8.59M | 1.86M | 13,000 | — | — |
| Expense | — | — | — | 3,000 | 5,000 |
| Other income expense | 132,000 | -332,000 | -14,000 | 3,000 | -55,000 |
| Pretax income | -76.27M | -58.76M | -35.25M | -22.21M | -24.20M |
| Tax provision | 137,000 | — | — | — | — |
| Net income | -76.41M | -58.76M | -35.25M | -22.21M | -24.20M |
| Basic EPS | -1.93 | -1.96 | -8.95 | -1.54 | -1.74 |
| Diluted EPS | -1.93 | -1.96 | -8.95 | -1.54 | -1.74 |
| Basic average shares | 39.62M | 29.94M | 5.16M | 19.57M | 13.89M |
| Diluted average shares | 39.62M | 29.94M | 5.16M | 19.57M | 13.89M |
| EBITDA | -83.90M | -58.80M | -34.42M | -21.38M | -23.63M |
| Net income from continuing op. | -76.41M | -58.76M | -35.25M | -22.21M | -24.20M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 255.08M | 223.94M | 160.03M | 22.10M | 37.06M |
| Current assets | |||||
| Cash | — | — | — | 17.39M | 32.45M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 41.06M | 121.58M | 149.06M | 17.39M | 32.45M |
| Other short term investments | 185.09M | 67.23M | — | — | — |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 3.22M | 7.16M | 4.55M | 1.03M | 822,000 |
| Restricted cash | 19,000 | 20,000 | 23,000 | 19,000 | 19,000 |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 2.41M | 715,000 | 66,000 | 16,000 | 56,000 |
| Non current assets | |||||
| Properties | 26.65M | 28.10M | 6.52M | 4.71M | 3.89M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 289,000 | 133,000 | 63,000 | 64,000 | 64,000 |
| Construction in progress | 391,000 | 1.81M | 2.37M | 1.15M | 1.20M |
| Leases | — | — | 13,000 | — | — |
| Accumulated depreciation | -5.04M | -3.86M | -2.76M | -2.35M | -1.52M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 1.28M | 1.19M | 125,000 | 75,000 | 75,000 |
| Total liabilities | 29.23M | 28.35M | 7.72M | 2.74M | 124.46M |
| Current liabilities | |||||
| Accounts payable | 1.79M | 2.92M | 2.40M | 611,000 | 2.33M |
| Accrued expenses | 3.45M | 1.54M | 1.69M | 750,000 | 2.11M |
| Short term debt | 2.69M | 2.96M | 615,000 | 15,000 | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | 3.50M | 2.71M | 2.15M | 1.02M | 1.30M |
| Other current liabilities | 935,000 | 325,000 | 506,000 | 277,000 | 405,000 |
| Non current liabilities | |||||
| Long term debt | 16.87M | 17.90M | 360,000 | — | 49,000 |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | 83,000 | 72,000 | 75,000 |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | -287.31M | -210.90M | -152.14M | -116.89M | -94.68M |
| Other shareholders equity | 539,000 | -72,000 | — | — | — |
| Total shareholders equity | 225.85M | 195.58M | 152.32M | 19.36M | -87.41M |
| Additional paid in capital | 512.62M | 406.56M | 304.45M | 8.17M | 7.27M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -76.41M | -58.76M | -35.25M | -22.21M | -24.20M |
| Depreciation | 1.30M | 1.18M | 831,000 | 831,000 | 509,000 |
| Deferred Taxes | — | — | — | — | — |
| Stock-Based Compensation | 8.77M | 6.41M | 2.31M | 736,000 | 507,000 |
| Other Non-Cash Items | 1.84M | 968,000 | 15,000 | -3,000 | 43,000 |
| Accounts Receivable | — | — | — | — | — |
| Accounts Payable | -1.04M | 340,000 | 1.05M | -1.72M | 1.04M |
| Other Assets & Liabilities | -1.41M | -1.17M | — | — | — |
| Operating Cash Flow | -66.95M | -51.03M | -31.04M | -22.36M | -22.10M |
| Investing Activities | |||||
| Capital Expenditures | -709,000 | -1.09M | -2.13M | -771,000 | -2.22M |
| Net Intangibles | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — |
| Purchase of Investments | -233.65M | -119.78M | — | — | — |
| Sale of Investments | 120.40M | 53.01M | — | — | — |
| Investing Cash Flow | -113.96M | -67.87M | -2.13M | -771,000 | -2.22M |
| Financing Activities | |||||
| Long-Term Debt Issuance | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | -34,000 | -37,000 |
| Other Financing Charges | — | — | -15,000 | -34,000 | — |
| Financing Cash Flow | 95.79M | 95.20M | 165.91M | 9.84M | 39.67M |
| Other Cash Details | |||||
| End Cash Position | 41.85M | 122.37M | 149.21M | 17.49M | 32.54M |
| Income Tax Paid | — | — | — | — | — |
| Interest Paid | — | — | — | — | — |
| Free Cash Flow | -64.56M | -55.70M | -34.54M | -25.09M | -22.89M |
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