Abeona Therapeutics Inc.
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Range $15 – $21
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About the company
Abeona Therapeutics Inc. is a biopharmaceutical company in the clinical development stage, focused on creating innovative gene and cell therapies to address severe and uncommon genetic diseases. Its leading program, EB-101, an autologous gene-corrected cell therapy, is presently in a Phase III clinical trial for treating recessive dystrophic epidermolysis bullosa.
- CEO
- Vishwas Seshadri
- IPO
- 1980
- Employees
- 226
- HQ
- Cleveland, OH, US
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- Market Cap
- $339.69M
- P/E
- -5.25
- Fwd P/E
- 14.99
- PEG
- 0.02
- P/S
- 13.31
- P/B
- 2.66
- EV/EBITDA
- -4.25
- Div Yield
- 0.00%
- Gross Margin
- 56.63%
- Op Margin
- -327.64%
- Net Margin
- -246.42%
- ROE
- -41.69%
- ROIC
- -39.66%
Latest fiscal year · YoY change
- Revenue
- $5.82M+0.0%
- Gross Profit
- $4.29M+247.5%
- Op Income
- $-89,448,000
- Net Income
- $71.18M+211.7%
- EPS
- $1.34+186.5%
- OCF Growth
- -36.3%
- FCF Growth
- -44.2%
- 52W High
- $7.65
- 52W Low
- $4.00
- 50D MA
- $6.34
- 200D MA
- $5.41
- Beta
- 1.34
- RSI (14)
- 40
- Avg Volume
- 1.37M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Abeona said ZEVASKYN revenue grew 31% sequentially, but launch execution remains uneven as site ramp, patient timing and manufacturing variability create revenue volatility.· August 13, 2026
- Net ZEVASKYN revenue was $11.4 million, up 31% sequentially from $8.7 million in Q1 2026.
- 5 patients were treated in Q2, but revenue was recognized on 4 treatments because 1 batch was below revenue-recognition thresholds; management also said 1 out-of-spec batch occurred in Q3.
- The company now has 7 activated qualified treatment centers nationwide after adding Cincinnati Children's, CHOP and New York-Presbyterian/Columbia in the quarter.
- CMS granted ZEVASKYN NTAP status effective October 1, 2026, which management says should improve reimbursement for Medicare patients and help hospital access.
- Management said the business is still working through operational bottlenecks, including last-minute biopsy cancellations, variable time from site activation to treatment, and manufacturing-spec issues.
For Q2 2026, Abeona reported net ZEVASKYN revenue of $11.4 million, up 31% quarter over quarter, or $2.7 million, from $8.7 million in Q1 2026. The company treated 5 patients in the quarter, but recognized revenue for only 4 treatments because 1 batch had cell yield below the threshold for revenue recognition. R&D expense was $5 million versus $9.6 million in Q1 2026; SG&A was $15.8 million versus $19.5 million in Q1 2026. Net loss was $20.2 million, or $0.35 per basic and diluted share, versus a net loss of $17.1 million, or $0.30 per share, in Q1 2026. Cash, cash equivalents and short-term investments were $146.8 million as of June 30, 2026. Looking ahead, management did not give formal revenue guidance, but said future disclosures will focus on patients treated during the quarter and net revenue recognized, and reiterated its goal of reaching a sustainable cash flow positive model by maintaining a consistent cadence of patient treatments.
Vishwas Seshadri framed the quarter as evidence that ZEVASKYN has a substantial commercial opportunity, but also said the launch is revealing real-world complexities unique to a surgically applied autologous cell therapy. He emphasized that the company is building clinical conviction through early treatment outcomes, expanding the QTC network, and improving access and reimbursement. His tone was confident but pragmatic, repeatedly stressing that the business is still learning how to convert patient interest into consistent revenue-generating treatments.
Joseph Vazzano focused on transparency in reporting and said Abeona will now anchor quarterly disclosures around completed operational achievements: patients treated and net revenue recognized. He cited Q2 net revenue of $11.4 million, R&D of $5 million, SG&A of $15.8 million, and a net loss of $20.2 million, while highlighting the $146.8 million cash balance at quarter-end. He also said gross margins should improve with scale because most manufacturing costs are fixed, estimating a steady-state gross margin of about 85% to 90% once full operating capacity is reached.
Analysts pressed management on when QTCs like Lurie and Stanford might reach a cadence of 1 patient per month, how to think about manufacturing yields and whether low-yield/out-of-spec batches are isolated, and how long it takes new QTCs to begin treating patients. Management said the 1-patient-per-month level is something they expect once centers reach steady state, but timing remains hard to predict. On manufacturing, they said the low-yield event appears rare so far, average commercial yield is about 9 sheets per lot, and the out-of-spec issue involved a keratinocyte identity test that they are discussing with FDA. They also said site activation to treatment can be as short as CHOP's May-to-July path, but in other cases may take 12 months or more.
The bull case from this call is that ZEVASKYN is gaining real commercial traction: revenue rose sequentially, 12 patients have now been treated since launch, and the QTC network expanded to 7 activated centers. Management also pointed to strong community interest, early clinical conviction, and NTAP status as validation that could ease reimbursement and hospital adoption.
The main bear case is that the launch is still lumpy and operationally difficult, with last-minute biopsy cancellations, variable site ramp times, and manufacturing events that blocked revenue recognition on some treated patients. Management also acknowledged that patient flow is not yet predictable, some sites have been activated for months without treating anyone, and the company did not provide formal forward revenue guidance.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 64.2%
- Shares Outstanding
- 57.00M
- Float Shares
- 36.62M
of shares held by institutions
2 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| B. Riley Wealth Management, Inc. | 12.90K | ▲ 12.90K |
Held by 96 ETFs
Biggest fund positions in ABEO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 21, 26 | Vazzano Joseph Walter | sell | 1,478 |
| Jul 9, 26 | Vazzano Joseph Walter | sell | 24,880 |
| Jul 9, 26 | Seshadri Vishwas | sell | 67,971 |
| Jul 9, 26 | O'Malley Brendan M. | sell | 12,050 |
| Jul 9, 26 | Vasanthavada Madhav | sell | 12,606 |
| Jun 30, 26 | Alland Leila | sell | 11,000 |
| Jun 16, 26 | Vasanthavada Madhav | other | 222 |
| Jun 15, 26 | Silverstein Christine Berni | sell | 18,160 |
| Jun 8, 26 | O'Malley Brendan M. | sell | 4,826 |
| Jun 9, 26 | O'Malley Brendan M. | sell | 6,305 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our ABEO coverage
Recent articles, reports, and earnings notes.
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Generate ABEO report →Abeona Therapeutics: Earnings Sell-Off Could Be A Buy Opportunity
seekingalpha.com · Aug 13
Abeona Therapeutics Inc. (ABEO) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 13
Abeona Therapeutics Q2 Earnings Call Highlights
marketbeat.com · Aug 13
Abeona Therapeutics® Reports Second Quarter 2026 Results and Provides Business Update
globenewswire.com · Aug 13
Abeona Therapeutics® to Host Second Quarter 2026 Financial Results Conference Call on August 13, 2026
globenewswire.com · Aug 6
CMS Grants New Technology Add-On Payment (NTAP) Status for ZEVASKYN®
globenewswire.com · Aug 4
Abeona Therapeutics® Announces New Employee Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
globenewswire.com · Aug 3
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Abeona Therapeutics Inc. (NASDAQ: ABEO)
prnewswire.com · Jul 27
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