Jun 30, 2022

Ocugen Q2 2022 Earnings Report

Reported financial results and provided a business update.

Key Takeaways

Ocugen reported its Q2 2022 financial results, highlighting progress in its vaccine and gene therapy programs, including the ongoing Phase 2/3 clinical trial for COVAXIN™ and the completion of Cohort 1 dosing in the OCU400 gene therapy clinical trial. The company also expanded its pipeline with the addition of NeoCart®, a Phase 3-ready cell therapy platform.

Continued dosing patients in U.S. Phase 2/3 COVAXIN™ clinical trial

Completed dosing of patients in Cohort 1 of OCU400 gene therapy product candidate

Expanded product pipeline with the regenerative medicine cell therapy program NeoCart®

The Company’s cash, cash equivalents, and restricted cash totaled $115.0 million as of June 30, 2022

EPS
-$0.09
Previous year: -$0.13
-30.8%
Gross Profit
-$245K
Cash and Equivalents
$115M
Previous year: $116M
-0.6%
Free Cash Flow
-$15.2M
Previous year: -$22.1M
-31.3%
Total Assets
$130M
Previous year: $124M
+4.7%

Ocugen

Ocugen

Forward Guidance

Ocugen believes that its current cash and cash equivalents balance will enable it to fund its operations into the second quarter of 2023.