Voyager Therapeutics, Inc.
Description
Voyager Therapeutics, Inc., a biotechnology company, focuses on the treatment of gene therapy and neurology diseases. The company's lead clinical candidate is VY-TAU01, an anti-tau antibody program for the treatment of alzheimer's disease. Its product pipeline includes superoxide dismutase 1 silencing gene therapy, which is in preclinical trial for the treatment of amyotrophic lateral sclerosis; tau silencing gene therapy, which is in preclinical trial for the treatment of alzheimer's disease; and vectorized anti-amyloid antibody, a gene therapy targeting anti-amyloid for the treatment of alzheimer's disease and is in preclinical trial. In addition, the company develops VY-FXN01, which is in preclinical trial to treat friedreich's ataxia; and GBA1 gene replacement to treat parkinson's disease and is in preclinical trial. Further, it provides research program for the treatment of Huntington's disease. The company has collaboration and license agreements with Alexion; AstraZeneca Rare Disease; Novartis Pharma AG; Neurocrine Biosciences, Inc; and Sangamo Therapeutics, Inc. Voyager Therapeutics, Inc. was incorporated in 2013 and is headquartered in Lexington, Massachusetts.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 11, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 13, 2025 | — | — | — | — |
| Feb 27, 2025 | — | — | — | — |
| Nov 13, 2024 | -0.45 | -0.16 | 0.29 | -64.44% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 8 | — | 10 |
| Average estimate | — | -0.44 | — | -1.49 |
| Low estimate | — | -0.72 | — | -3.08 |
| High estimate | — | -0.17 | — | -0.63 |
| Last year EPS | — | -0.20 | — | -0.91 |
Growth estimates
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Jan 27, 2025 |
HC Wainwright & Co.
Patrick Trucchio
|
Reiterates | Buy | Maintains $30 |
| Jan 10, 2025 |
Cantor Fitzgerald
Pete Stavropoulos
|
Initiates | Overweight | Announces $5.73 |
| Dec 2, 2024 |
Citigroup
Samantha Semenkow
|
Initiates | Buy | Announces $12 |
| Nov 14, 2024 |
HC Wainwright & Co.
Patrick Trucchio
|
Reiterates | Buy | Maintains $30 |
| Nov 14, 2024 |
Canaccord Genuity
Sumant Kulkarni
|
Maintains | Buy | Maintains $14 |
| Oct 24, 2024 |
HC Wainwright & Co.
Patrick Trucchio
|
Reiterates | Buy | Maintains $30 |
| Oct 16, 2024 |
Leerink Partners
Lili Nsongo
|
Initiates | Outperform | Announces $15 |
| Aug 20, 2024 |
HC Wainwright & Co.
Patrick Trucchio
|
Reiterates | Buy | Maintains $30 |
| Aug 7, 2024 |
Wedbush
Laura Chico
|
Maintains | Neutral | ▼ Lowers $8 → $7 |
| Jul 31, 2024 |
HC Wainwright & Co.
Patrick Trucchio
|
Reiterates | Buy | Maintains $30 |
| May 16, 2024 |
HC Wainwright & Co.
Patrick Trucchio
|
Reiterates | Buy | Maintains $30 |
| May 15, 2024 |
Oppenheimer
Jay Olson
|
Maintains | Outperform | Maintains $18 |
| May 14, 2024 |
Wedbush
Laura Chico
|
Maintains | Neutral | ▼ Lowers $10 → $8 |
| Mar 26, 2024 |
Guggenheim
Debjit Chattopadhyay
|
Initiates | Buy | Announces $22 |
| Mar 19, 2024 |
HC Wainwright & Co.
Patrick Trucchio
|
Initiates | Buy | Announces $30 |
| Mar 7, 2024 |
Citigroup
David Hoang
|
Initiates | Buy | Announces $16 |
| Jan 2, 2024 |
Wells Fargo
Yanan Zhu
|
Upgrade | Overweight | ▲ Raises $9 → $14 |
| Aug 7, 2023 |
Oppenheimer
Jay Olson
|
Reiterates | Outperform | Maintains $16 |
| May 10, 2023 |
Canaccord Genuity
Sumant Kulkarni
|
Maintains | Buy | ▲ Raises $10 → $14 |
| May 10, 2023 |
Truist Securities
Joon Lee
|
Initiates | Buy | Announces $18 |
| Mar 10, 2023 |
Oppenheimer
Jay Olson
|
Initiates | Outperform | Announces $14 |
| Nov 3, 2021 |
Chardan Capital
Geulah Livshits
|
Maintains | Neutral | ▼ Lowers $5.5 → $4 |
| Oct 7, 2021 |
Baird
Jack Allen
|
Upgrade | Outperform | ▲ Raises $6 → $9 |
| Apr 19, 2021 |
Morgan Stanley
|
Maintains | Equal-Weight | ▼ Lowers $7 → $6 |
| Feb 26, 2021 |
Baird
Brian Skorney
|
Downgrade | Neutral | ▼ Lowers $18 → $6 |
| Feb 3, 2021 |
Morgan Stanley
Jeffrey Hung
|
Maintains | Equal-Weight | ▼ Lowers $13 → $7 |
| Feb 3, 2021 |
Wedbush
Laura Chico
|
Downgrade | Neutral | ▼ Lowers $13 → $6 |
| Feb 3, 2021 |
BTIG
|
Downgrade | Neutral | — |
| Nov 11, 2020 |
Oppenheimer
|
Downgrade | Perform | — |
| Nov 10, 2020 |
Wells Fargo
|
Downgrade | Equal-Weight | — |
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 | 250.01M | 40.91M | 37.42M | 171.13M | 104.39M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | 92.17M | 60.76M | 73.79M | 108.75M | 119.74M |
| Selling general and admin | 35.82M | 30.98M | 37.25M | 34.99M | 36.34M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 122.01M | -50.84M | -73.62M | 27.38M | -51.68M |
| Non operating interest income | |||||
| Income | — | — | — | 1.66M | 6.46M |
| Expense | — | — | — | — | — |
| Other income expense | 3,000 | 2.65M | 2.81M | 7.70M | 1.63M |
| Pretax income | 133.74M | -46.39M | -71.20M | 36.74M | -43.60M |
| Tax provision | 1.41M | 16,000 | — | — | — |
| Net income | 132.33M | -46.41M | -71.20M | 36.74M | -43.60M |
| Basic EPS | 3.08 | -1.21 | -1.89 | 0.99 | -1.21 |
| Diluted EPS | 2.97 | -1.21 | -1.89 | 0.98 | -1.21 |
| Basic average shares | 43.02M | 38.36M | 37.67M | 37.13M | 35.90M |
| Diluted average shares | 43.02M | 38.36M | 37.67M | 37.13M | 35.90M |
| EBITDA | 126.46M | -44.65M | -68.45M | 31.20M | -48.91M |
| Net income from continuing op. | 132.33M | -46.41M | -71.20M | 36.74M | -43.60M |
| 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 | 351.28M | 159.36M | 193.86M | 261.58M | 354.76M |
| Current assets | |||||
| Cash | 3.21M | 7.24M | — | — | — |
| Cash equivalents | 65.59M | 91.72M | — | — | — |
| Cash and cash equivalents | 68.80M | 98.96M | 117.43M | 104.44M | 86.04M |
| Other short term investments | 162.07M | 19.89M | 15.11M | 76.70M | 195.49M |
| Accounts receivable | 80.15M | — | 732,000 | 8.01M | 18.50M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 1.73M | 779,000 | 1.71M | 3.13M | 2.20M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | 3.82M | 554,000 |
| Other current assets | 2.63M | 4.23M | 1.70M | 1.58M | 1.40M |
| Non current assets | |||||
| Properties | 35.31M | 35.66M | 53.07M | 54.32M | 42.91M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 2.63M | 2.33M | 2.52M | 2.41M | 1.89M |
| Construction in progress | — | — | — | 866,000 | 2.19M |
| Leases | 7.11M | 12.55M | 15.70M | 15.47M | 7.13M |
| Accumulated depreciation | -15.04M | -17.21M | -15.91M | -11.57M | -7.66M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | 1.92M |
| Other non current assets | 1.59M | 1.52M | 1.78M | 2.32M | 1.72M |
| Total liabilities | 114.96M | 100.34M | 98.80M | 107.26M | 255.25M |
| Current liabilities | |||||
| Accounts payable | 1.60M | 2.57M | 574,000 | 634,000 | 4.07M |
| Accrued expenses | 10.21M | 3.26M | 5.93M | 8.35M | 15.78M |
| Short term debt | 3.20M | 2.83M | 5.57M | 4.20M | 3.19M |
| Deferred revenue | 42.88M | 59.38M | 33.89M | 7.73M | 47.23M |
| Tax payable | — | — | — | — | — |
| Pensions | 6.61M | 4.56M | 5.02M | 5.86M | 5.73M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 17.09M | 20.29M | 38.61M | 43.41M | 30.98M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Shareholders equity | |||||
| Common stock | 44,000 | 38,000 | 38,000 | 37,000 | 37,000 |
| Retained earnings | -261.18M | -393.51M | -347.10M | -275.91M | -312.65M |
| Other shareholders equity | -48,000 | -219,000 | -138,000 | -134,000 | -104,000 |
| Total shareholders equity | 236.32M | 59.02M | 95.06M | 154.32M | 99.51M |
| Additional paid in capital | 497.51M | 452.71M | 442.26M | 430.32M | 412.23M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 132.33M | -46.41M | -71.20M | 36.74M | -43.60M | -88.29M | -70.70M | -40.19M | -29.67M | -16.32M |
| Depreciation | 4.44M | 6.19M | 5.17M | 3.82M | 2.77M | 2.12M | 1.60M | 612,000 | 600,000 | 184,000 |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 11.15M | 9.34M | 11.32M | 14.93M | 15.64M | 15.71M | 9.24M | 6.31M | 4.03M | 425,000 |
| Other Non-Cash Items | — | -2.47M | -2.46M | -7.70M | -996,000 | 1.30M | 674,000 | 2.94M | 11.79M | 3.66M |
| Accounts Receivable | -83.23M | 475,000 | 7.28M | 10.48M | -18.50M | — | — | — | — | — |
| Accounts Payable | -962,000 | 1.99M | -60,000 | -3.44M | 2.60M | -282,000 | 470,000 | -62,000 | -942,000 | 604,000 |
| Other Assets & Liabilities | 8.56M | 23.12M | -2.47M | -144.55M | 80.93M | 61.25M | -9.14M | -14.58M | 52.49M | 521,000 |
| Operating Cash Flow | 72.28M | -7.76M | -52.42M | -89.71M | 38.85M | -8.19M | -67.86M | -44.97M | 38.29M | -10.93M |
| Investing Activities | ||||||||||
| Capital Expenditures | -3.26M | -2.49M | -1.61M | -12.10M | -7.55M | -4.31M | -3.99M | -5.03M | -1.03M | -2.99M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -223.97M | -54.85M | -15.12M | -70.40M | -494.23M | -333.23M | -147.30M | -112.35M | -220.40M | — |
| Sale of Investments | 85.58M | 50.00M | 82.63M | 195.50M | 411.30M | 364.00M | 147.60M | 165.10M | 26.66M | — |
| Investing Cash Flow | -141.64M | -7.34M | 65.91M | 113.00M | -90.48M | 26.47M | -3.68M | 47.30M | -194.77M | -3.30M |
| Financing Activities | ||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | 31.12M | — | — | — | 77.62M | — | 57.99M | — | 104.78M | 22.04M |
| Other Cash Details | ||||||||||
| End Cash Position | 70.40M | 100.47M | 119.21M | 106.22M | 86.78M | 47.59M | 32.27M | 37.38M | 31.31M | 7.04M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 74.66M | -15.00M | -55.13M | -108.81M | 40.95M | -20.19M | -65.34M | -47.51M | 40.27M | -14.91M |
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