iBio (IBIO) Stock Pops After Announcing Coming Earnings & Update

iBio IBIO Stock News

iBio Inc (NYSEAMERICAN: IBIO) is making a run for the top in the market this morning, and for good reason. The company announced a coming financial report and conference call. But companies announce things like that all the time, what’s the big deal? Well, it seems as though something big is on the horizon. Here’s what’s going on:

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IBIO Climbs On Coming Financial Results & Update

In the press release, iBio said that it plans on reporting its fiscal first quarter of 2021 financial results after market close on Monday, November 16, 2020. The company also said that its management will host a conference call at 4:30 p.m. Eastern Time to discuss the results and provide a corporate update. 

If you’d like to join the call, you can do so by dialing (833) 672-0651 if you’re claling from the United States, or 1 (929) 517-0227 if you’re calling from elsewhere in the world. Either number you call, the code to get into the conference is 2546666. 

Companies announce coming earnings reports and conference calls all the time, what’s the big deal with IBIO?

Well, the fact of the matter is that this is new for the company. It’s not common that IBIO will announce earnings and a conference call. In fact, in the entire time I’ve been following the company, I’ve never seen the company promote a conference call following earnings to provide corporate updates. 

I’m not the only person making note of this either. Across message boards online, we’re seeing messages like the following that came from i_bio_more_nuggets on Stocktwits:

$IBIO you all need to understand this company is changing in a major way. The fact that they announce yesterday that they will be doing a earnings call and a corporate update is huge. That is something they have never done in their existence big things are coming. You should be very excited for the future of the organization. 

What Will Investors Be Looking For?

Ultimately, investors are excited about the coming iBio conference call. So, what will everyone be looking for? Well, there are two big things:

  • Progress. First and foremost, IBIO investors will be looking for progress with regard to its efforts to develop a vaccine for COVID-19. Currently, the company is working on two vaccine candidates. Considering the fact that COVID-19 case counts are climbing, any positive vaccine news would be great news for the stock. 
  • FastPharming Update. IBIO is the owner of the FastPharming Facility. Commissioned by the United States government, the Facility was developed to meet pandemics with lightning-speed manufacturing of vaccines and therapeutic agents. It would be interesting to know if the company has entered into any agreements with companies surrounding the use of the facility to produce vaccines at a fast pace. 
  • The Money. Finally, the money is going to play an important role here. Let’s not forget, iBio isn’t making any money right now. As a result, investors are going to want to know more about what the company has in the bank for clues as to whether or not a dilutive transaction is on the horizon. 

The Bottom Line

The bottom line here is that investors are excited about the newly found willingness to communicate from IBIO. With multiple points of data to watch for, the coming financial results and conference call are grabbing investor attention. Nonetheless, there are several potential catalysts on the horizon, making IBIO stock one to watch closely. 

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