Wave Life Sciences Ltd.

Description

Wave Life Sciences Ltd., a clinical-stage biotechnology company, designs, develops, and commercializes ribonucleic acid (RNA) medicines through PRISM, a discovery and drug development platform. The company's RNA medicines platform, PRISM, combines multiple modalities, chemistry innovation, and deep insights into human genetics to deliver scientific breakthroughs that treat both rare and prevalent disorders. It is developing WVE-006, a RNA editing oligonucleotide for the treatment of alpha-1 antitrypsin deficiency; siRNA clinical candidate for the treatment of obesity and other metabolic disorders; WVE-N531, a exon skipping oligonucleotide for the treatment of duchenne muscular dystrophy; and WVE-003, an antisense silencing oligonucleotide for the treatment of Huntington's disease (HD). The company has collaboration agreements with GlaxoSmithKline for the research, development, and commercialization of oligonucleotide therapeutics; Takeda Pharmaceutical Company Limited for the research, development, and commercialization of oligonucleotide therapeutics for disorders of the Central Nervous System; and Asuragen, Inc. for the development and potential commercialization of companion diagnostics for investigational allele-selective therapeutic programs targeting HD. Wave Life Sciences Ltd. was incorporated in 2012 and is based in Singapore.

About

CEO
Dr. Paul B. Bolno M.B.A., M.D.
Employees
266
Instrument type
Common Stock
Sector
Healthcare
Industry
Biotechnology
MIC code
XNMS
Address
Marina One East Tower, Singapore, 018936, Singapore
Phone
65 6236 3388
Website
Chart Image
× Enlarged Chart
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 10, 2025
Aug 6, 2025
May 7, 2025
Mar 4, 2025
Nov 12, 2024 -0.28 -0.47 -0.19 67.86%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 5 8
Average estimate -0.27 -0.97
Low estimate -0.32 -1.15
High estimate -0.24 -0.67
Last year EPS -0.24 -1.19
[stock_revenue_estimate]

Growth estimates

Current qtr
-61.910%
Next qtr. (Mar 2025)
-12.500%
Current year
-120.110%
Next year (Dec 2025)
18.280%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Nov 21, 2024
Mizuho
Salim Syed
Maintains Outperform ▲ Raises $19 → $22
Nov 13, 2024
HC Wainwright & Co.
Andrew Fein
Reiterates Buy Maintains $22
Nov 12, 2024
Truist Securities
Joon Lee
Maintains Buy ▲ Raises $17 → $36
Nov 4, 2024
B. Riley Securities
Madison El-Saadi
Maintains Buy ▲ Raises $19 → $22
Oct 31, 2024
HC Wainwright & Co.
Andrew Fein
Reiterates Buy Maintains $22
Oct 21, 2024
RBC Capital
Luca Issi
Maintains Sector Perform ▲ Raises $7 → $15
Oct 17, 2024
HC Wainwright & Co.
Andrew Fein
Reiterates Buy Maintains $22
Oct 17, 2024
JP Morgan
Eric Joseph
Maintains Overweight ▲ Raises $13 → $17
Oct 16, 2024
Wells Fargo
Tiago Fauth
Maintains Overweight ▲ Raises $11 → $22
Oct 16, 2024
Raymond James
Steven Seedhouse
Upgrade Strong Buy ▲ Raises $13 → $22
Oct 16, 2024
Leerink Partners
Mani Foroohar
Maintains Outperform ▲ Raises $20 → $22
Oct 4, 2024
RBC Capital
Luca Issi
Maintains Sector Perform ▲ Raises $5 → $7
Oct 3, 2024
B. Riley Securities
Madison El-Saadi
Maintains Buy ▲ Raises $11 → $19
Sep 27, 2024
JP Morgan
Eric Joseph
Reinstates Overweight ▲ Raises $10 → $13
Sep 25, 2024
HC Wainwright & Co.
Andrew Fein
Maintains Buy ▲ Raises $15 → $22
Sep 25, 2024
Jones Trading
Catherine Novack
Maintains Buy ▲ Raises $12 → $16
Sep 19, 2024
B. Riley Securities
Madison El-Saadi
Initiates Buy Announces $11
Sep 9, 2024
JP Morgan
Initiates Overweight Announces $10
Aug 9, 2024
Jones Trading
Catherine Novack
Initiates Buy Announces $12
Jun 26, 2024
HC Wainwright & Co.
Andrew Fein
Reiterates Buy Maintains $15
Jun 25, 2024
Mizuho
Salim Syed
Reiterates Outperform Maintains $19
May 15, 2024
Wells Fargo
Tiago Fauth
Initiates Overweight Announces $11
Apr 1, 2024
Truist Securities
Joon Lee
Reiterates Buy Maintains $17
Mar 12, 2024
Mizuho
Salim Syed
Maintains Buy ▲ Raises $10 → $19
Mar 7, 2024
HC Wainwright & Co.
Andrew Fein
Maintains Buy ▲ Raises $8 → $15
Mar 7, 2024
RBC Capital
Luca Issi
Reiterates Sector Perform Maintains $5
Dec 19, 2023
Leerink Partners
Mani Foroohar
Upgrade Outperform Announces $12
Aug 4, 2023
HC Wainwright & Co.
Andrew Fein
Reiterates Buy Maintains $8
Jul 5, 2023
Raymond James
Steven Seedhouse
Initiates Outperform Announces $7
Jun 23, 2023
Truist Securities
Reiterates 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 113.31M 3.65M 40.96M 20.08M 15.98M
Cost of revenue
Gross profit
Operating expense
Research & development 130.01M 115.86M 121.88M 130.94M 175.43M
Selling general and admin 51.29M 50.51M 46.11M 42.51M 48.87M
Other operating expenses
Operating income -68.00M -162.72M -127.02M -153.38M -208.32M
Non operating interest income
Income
Expense
Other income expense 9.81M 1.58M 4.57M 2.63M 14.65M
Pretax income -58.19M -161.14M -122.45M -150.75M -193.64M
Tax provision -677,000 681,000 -204,000 -841,000
Net income -57.51M -161.82M -122.25M -149.91M -193.64M
Basic EPS -0.54 -2.05 -2.36 -3.82 -5.72
Diluted EPS -0.54 -2.05 -2.36 -3.82 -5.72
Basic average shares 106.10M 78.86M 51.83M 39.23M 33.87M
Diluted average shares 106.10M 78.86M 51.83M 39.23M 33.87M
EBITDA -66.72M -154.18M -117.21M -143.96M -204.03M
Net income from continuing op. -57.51M -161.82M -122.25M -149.91M -193.64M
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 274.95M 146.39M 207.01M 279.24M 284.25M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 200.35M 88.50M 150.56M 184.50M 147.16M
Other short term investments
Accounts receivable 21.09M 30.00M 20.00M
Other receivables
Inventory
Prepaid assets 9.91M 7.93M 6.58M 10.43M 9.63M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 4.02M 2.11M 5.42M 5.11M 8.69M
Non current assets
Properties 22.64M 26.84M 18.38M 16.23M 18.10M
Land and improvements
Machinery furniture equipment 26.97M 26.40M 26.47M 26.10M 25.06M
Construction in progress 294,000 318,000 28,000 78,000 486,000
Leases 28.53M 28.41M 27.99M 27.91M 27.83M
Accumulated depreciation -42.71M -37.85M -32.23M -24.89M -17.00M
Goodwill
Investment properties
Financial assets
Intangible assets
Investments and advances
Other non current assets 3.86M 3.72M 3.80M 3.77M 44.31M
Total liabilities 235.32M 191.48M 174.51M 196.46M 220.52M
Current liabilities
Accounts payable 12.84M 16.92M 7.28M 13.80M 9.07M
Accrued expenses 2.76M 5.27M 4.68M 2.97M 7.52M
Short term debt 6.71M 5.50M 4.96M 3.71M 3.24M
Deferred revenue 150.06M 31.56M 37.10M 91.56M 89.65M
Tax payable
Pensions 14.07M 12.29M 10.18M 9.00M 8.66M
Other current liabilities
Non current liabilities
Long term debt 25.40M 32.12M 24.96M 25.59M 29.30M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 190,000 474,000 1.72M
Shareholders equity
Common stock 935.37M 802.83M 749.85M 694.09M 539.55M
Retained earnings -1.02B -967.34M -805.51M -683.27M -533.36M
Other shareholders equity -124,000 -29,000 181,000 389,000 267,000
Total shareholders equity 39.63M -45.09M 32.50M 82.78M 63.73M
Additional paid in capital 129.24M 119.44M 87.98M 71.57M 57.28M
Treasury stock
Minority interest

Cash flow statement

20232022202120202019201820172016201520142013
Operating Activities
Net Income-57.51M-161.82M-122.25M-149.91M-193.64M-146.65M-101.98M-55.66M-19.20M-5.23M-3.32M
Depreciation9.21M10.11M9.84M9.98M9.20M5.58M2.16M784,000594,000281,000276,000
Deferred Taxes908,000-1.01M36,00084,000-330,000
Stock-Based Compensation9.80M17.19M16.41M14.30M19.51M15.60M12.14M6.85M4.02M
Other Non-Cash Items183,0003.39M565,00088,000-6,000-6,000
Accounts Receivable-21.09M30.00M20.00M10.00M-59.00M-1.00M193,000-129,000-102,000
Accounts Payable-3.76M9.35M-6.57M5.12M-3.50M4.94M3.89M3.37M1.65M9,000-152,000
Other Assets & Liabilities46.63M-3.97M-23.16M-10.45M-27.59M152.42M-4.50M12.22M-114,000152,000
Operating Cash Flow-16.73M-129.14M-95.73M-110.96M-186.01M-26.94M-85.00M-32.88M-12.73M-4.84M-3.63M
Investing Activities
Capital Expenditures-1.12M-1.26M-560,000-1.34M-3.92M-9.94M-18.89M-5.56M-1.85M-257,000-47,000
Net Intangibles
Net Acquisitions
Purchase of Investments-75.04M
Sale of Investments75.04M
Investing Cash Flow-1.12M-1.26M-560,000-1.34M-3.92M-9.94M-18.90M-8.16M-2.91M62,000-47,000
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments-16,000-62,000-62,000-126,000-2.50M
Other Financing Charges-1.08M112,00034,000
Financing Cash Flow131.28M52.33M54.97M153.63M161.79M59.98M93.45M28.86M175.59M5.62M1.17M
Other Cash Details
End Cash Position204.05M92.16M154.22M188.15M150.81M178.44M146.11M153.89M161.22M1.05M439,000
Income Tax Paid11,000554,000
Interest Paid37,00029,00086,00090,000
Free Cash Flow-20.55M-129.14M-89.55M-117.32M-192.15M-32.80M-102.56M-37.49M-14.38M-5.02M-3.60M
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Wave Life Sciences Announces Initiation of Phase 1 INLIGHT Clinical Trial of WVE-007 in Obesity Article
Wave Life Sciences Announces Initiation of Phase 1 INLIGHT Clinical Trial of WVE-007 in Obesity
WVE-007 is a novel, long-acting GalNAc-siRNA targeting INHBE mRNA – a genetically validated target that provides a new approach for healthy, sustainable weight loss (fat loss with muscle preservation)
GlobeNewsWire Neutral
Feb 6, 2025
Wave Life Sciences Is A Buy On Pipeline Prospects Article
Wave Life Sciences Is A Buy On Pipeline Prospects
Wave Life Sciences develops stereopure oligonucleotides targeting genetic mutations, with lead assets in DMD, AATD, and Huntington's Disease showing promising data. Major collaborations with GSK and positive trial results have significantly boosted WVE's stock, despite previous flat performance and management missteps. Financially strong with $525M in cash, the Company has a solid runway for 8–10 quarters, though approval for its programs is still years away.
Seeking Alpha Positive
Jan 8, 2025
Wave Life Sciences Announces Submission of First Clinical Trial Application for WVE-007 (siRNA Targeting INHBE) in Obesity Article
Wave Life Sciences Announces Submission of First Clinical Trial Application for WVE-007 (siRNA Targeting INHBE) in Obesity
WVE-007 is a novel approach for treating obesity and is designed to silence INHBE to achieve healthy, sustainable weight loss through fat burning, muscle maintenance and the potential for once or twice-annual administration
GlobeNewsWire Neutral
Dec 23, 2024
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