---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-029091"
form_type: "8-K"
ticker: "ABSI"
cik: "0001672688"
company_name: "Absci Corp"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:29:41.142935+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Absci Q3 revenue $2.4M; cash burn guidance improved to ~$105M for 2022

## Summary
- Cash and short-term investments $181.3M at Sep 30, down from $206.0M at Jun 30; operating cash use $19.0M in Q3.
- Q3 revenue $2.4M vs $1.5M YoY, driven by Merck collaboration milestone and nsAA technology progress.
- R&D expense $15.5M (+45% YoY); SG&A $11.4M; includes $2.7M severance charges.
- Exceeded 2022 Active Program guidance: 10 signed YTD vs 8 target; total Active Programs now 17.
- Appointed Andreas Busch as Chief Innovation Officer and Dan Rabinovitsj to Board; cash runway into late 2025.

## SEC filing metadata
- accession: 0001628280-22-029091
- form_type: 8-K
- ticker: ABSI
- cik: 0001672688
- company_name: Absci Corp
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1672688/000162828022029091/0001628280-22-029091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672688/000162828022029091/absc-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-029091
- JSON: https://secwatch.observer/filing/0001628280-22-029091.json
- Plain text: https://secwatch.observer/filing/0001628280-22-029091.txt

## Key facts
- Earnings Releases
  Absci Corp reported the quarter ended September 30, 2022 results: revenue $2.4 million. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2022
  - Revenue: $2.4 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Total Revenue was $2.4 million for the third quarter of 2022, as compared to $1.5 million for the third quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828022029091/0001628280-22-029091-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.