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
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 |
Growth estimates
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
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|
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 |
Depreciation | 9.21M | 10.11M | 9.84M | 9.98M | 9.20M | 5.58M | 2.16M | 784,000 | 594,000 | 281,000 | 276,000 |
Deferred Taxes | — | — | — | — | — | — | 908,000 | -1.01M | 36,000 | 84,000 | -330,000 |
Stock-Based Compensation | 9.80M | 17.19M | 16.41M | 14.30M | 19.51M | 15.60M | 12.14M | 6.85M | 4.02M | — | — |
Other Non-Cash Items | — | — | — | — | — | 183,000 | 3.39M | 565,000 | 88,000 | -6,000 | -6,000 |
Accounts Receivable | -21.09M | — | 30.00M | 20.00M | 10.00M | -59.00M | -1.00M | — | 193,000 | -129,000 | -102,000 |
Accounts Payable | -3.76M | 9.35M | -6.57M | 5.12M | -3.50M | 4.94M | 3.89M | 3.37M | 1.65M | 9,000 | -152,000 |
Other Assets & Liabilities | 46.63M | -3.97M | -23.16M | -10.45M | -27.59M | 152.42M | -4.50M | 12.22M | -114,000 | 152,000 | — |
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 Investments | — | 75.04M | — | — | — | — | — | — | — | — | — |
Investing Cash Flow | -1.12M | -1.26M | -560,000 | -1.34M | -3.92M | -9.94M | -18.90M | -8.16M | -2.91M | 62,000 | -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 | — | — | — | — | — | — | — | -1.08M | 112,000 | 34,000 | — |
Financing Cash Flow | 131.28M | 52.33M | 54.97M | 153.63M | 161.79M | 59.98M | 93.45M | 28.86M | 175.59M | 5.62M | 1.17M |
Other Cash Details | |||||||||||
End Cash Position | 204.05M | 92.16M | 154.22M | 188.15M | 150.81M | 178.44M | 146.11M | 153.89M | 161.22M | 1.05M | 439,000 |
Income Tax Paid | — | — | — | — | — | — | 11,000 | 554,000 | — | — | — |
Interest Paid | — | — | — | — | — | — | 37,000 | 29,000 | — | 86,000 | 90,000 |
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 |