---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-009897"
form_type: "8-K"
ticker: "ABSI"
cik: "0001672688"
company_name: "Absci Corp"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:18:20.377457+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-009897
- form_type: 8-K
- ticker: ABSI
- cik: 0001672688
- company_name: Absci Corp
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1672688/000162828023009897/0001628280-23-009897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672688/000162828023009897/absc-20230330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-009897
- JSON: https://secwatch.observer/filing/0001628280-23-009897.json
- Plain text: https://secwatch.observer/filing/0001628280-23-009897.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828023009897/0001628280-23-009897-index.htm
- Earnings Releases
  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
  source text: Net loss was $19.5 million for the fourth quarter of 2022, as compared to $25.2 million for the corresponding prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828023009897/0001628280-23-009897-index.htm
- Earnings Releases
  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
  source text: Revenue was $5.7 million for the year ended December 31, 2022 compared to $4.8 million for the year ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828023009897/0001628280-23-009897-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828023009897/0001628280-23-009897-index.htm

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