Absci Q4 2022 net loss $19.5M; full-year loss $104.9M; cash $164.4M; 10 new Active Programs in 2023

Absci Corp

Q4 2022 revenue $1.6M, net loss $19.5M vs $25.2M loss in Q4 2021.
Full-year 2022 revenue $5.7M, net loss $104.9M vs $101.0M loss in 2021.
Cash, equivalents, and short-term investments $164.4M as of Dec 31, 2022, down from $252.6M.
Achieved zero-shot generative AI creation of de novo antibodies; hit rate 5-30x greater than baselines.
2023 outlook: at least 10 new Active Programs; gross cash use ~$90M, below prior year $105M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Absci Corp reported Fourth Quarter ended December 31, 2022 results: net income Net loss was $19.5 million for the fourth quarter of 2022, as compared to $25.2 million for the corresponding prior year.

Period: Fourth Quarter ended December 31, 2022
Net income: Net loss was $19.5 million for the fourth quarter of 2022, as compared to $25.2 million for the corresponding prior year
Result: reported results

Exact text from the filing

Revenue was $1.6 million for the three months ended December 31, 2022 compared to $1.5 million for the three months ended December 31, 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Period: Fourth Quarter ended December 31, 2022
Net income: Net loss was $19.5 million for the fourth quarter of 2022, as compared to $25.2 million for the corresponding prior year
Result: reported results

Exact text from the filing

Net loss was $19.5 million for the fourth quarter of 2022, as compared to $25.2 million for the corresponding prior year period.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Absci Corp reported Full Year ended December 31, 2022 results: net income Net loss was $104.9 million for the year ended December 31, 2022 compared to $101.0 million for the year ended December.

Period: Full Year ended December 31, 2022
Net income: Net loss was $104.9 million for the year ended December 31, 2022 compared to $101.0 million for the year ended December
Result: reported results

Exact text from the filing

Revenue was $5.7 million for the year ended December 31, 2022 compared to $4.8 million for the year ended December 31, 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Absci Corp reported Full Year ended December 31, 2022 results: net income Net loss was $104.9 million for the year ended December 31, 2022 compared to $101.0 million for the year ended December.

Period: Full Year ended December 31, 2022
Net income: Net loss was $104.9 million for the year ended December 31, 2022 compared to $101.0 million for the year ended December
Result: reported results

Exact text from the filing

Net loss was $104.9 million for the year ended December 31, 2022 compared to $101.0 million for the year ended December 31, 2021.

View on SEC.gov

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Source: SEC EDGAR

accession 0001628280-23-009897

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