Precigen Inc (NAS:PGEN)
$ 6.27 +0.32 (+5.38%) Market Cap: 2.24 Bil Enterprise Value: 2.28 Bil PE Ratio: 0 PB Ratio: 110.00 GF Score: 55/100

Q1 2026 Precigen Inc Earnings Call Transcript

May 13, 2026 / 08:30 PM GMT
Release Date Price: $4.15 (+1.72%)

Key Points

Positve
  • Precigen Inc (PGEN) reported strong revenue growth with Q1 2026 net product revenue for Papcimius reaching $21.6 million, up from $3.4 million in Q4 2025.
  • The launch of Papcimius has been well-received, with significant uptake among both major medical centers and community practices.
  • The FDA's full approval and broad label for Papcimius, without restrictions on the number of surgeries prior to treatment, has facilitated its rapid adoption.
  • Comprehensive payer coverage has been achieved, with more than 90% of insured lives in the U.S. covered, supporting patient access to Papcimius.
  • The company has a strong financial position, with $56.7 million in cash equivalents and investments, and expects to reach cash flow breakeven by the end of 2026 without needing additional funding.
Negative
  • Despite strong revenue growth, Precigen Inc (PGEN) reported an operating loss of $6 million for Q1 2026.
  • Research and development expenses are expected to increase as the year progresses, potentially impacting future profitability.
  • Selling, general, and administrative expenses increased by $8.7 million from the prior year's first quarter, driven by commercial activities related to Papcimius.
  • Cash used in operations for Q1 was $43.8 million, which included $13 million of non-recurring cash outflows, indicating high operational costs.
  • The company is not providing specific guidance for future quarters, creating uncertainty about the pace of revenue growth and financial performance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PGEN.OQ - Precigen Inc
Q1 2026 Precigen Inc Earnings Call
May 13, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and welcome to the Precedent First Quarter 2026 Financial Results and Business Updates Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press *0 for the operator. This call is being recorded on Wednesday, May 13, 2026. And I would now like to turn the conference over to Mr. Stephen Harasim. Please go ahead. Sir.

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Unidentified_2 [2]
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Thank you, operator, and thank you for
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