NASDAQ$ACET

Adicet Bio Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2020 and provided a corporate update.

resTORbio reported a net loss of $5.6 million, or $0.15 per share, for the three months ended June 30, 2020. The company's cash and cash equivalents were $70.9 million as of June 30, 2020. They also entered into a definitive merger agreement with Adicet Bio to advance allogeneic gamma delta CAR-T cell technology.

  • Entered into a definitive merger agreement with Adicet Bio, Inc. to advance allogeneic gamma delta CAR-T cell technology.
  • Awarded a grant from the National Institute of Aging for a pilot study of RTB101 as COVID-19 prophylaxis in older adults.
  • Initiated a study of RTB101 to evaluate the role of antiviral prophylaxis in reducing the severity of COVID-19 in nursing home residents.
  • Net loss was $5.6 million, or $0.15 per share, for the three months ended June 30, 2020.

Headline financials

Total Revenue

$7.47M

Previous: $164M-95.4%
EPS (adj)

-$1.05

Previous: -$0.63-66.7%
Research and development expenses

$1.79M

Previous: $16.6M-89.2%
General and administrative expenses

$3.86M

Previous: $2.62M+47.7%
Net Income

-$5.6M

No prior period
Operating Income

-$5.65M

No prior period
Gross Profit

$7.47M

No prior period
Cash & Equivalents

$70.9M

No prior period
R&D Expense

$8.68M

No prior period

Revenue & EPS history

Adicet Bio · Revenue · Quarterly

$7.47M

Q2 2020-95.4%vs Q2 2019
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+1.1%

Avg return

Earnings day

+1.2%

Avg return

5 days after

-5.0%

Avg return

30 days after

52%

16 / 31 earnings

Positive

+29.7%

Q4 2021

Best reaction

-9.1%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%-5.3%+1.4%
Q4 2025-3.2%-1.6%-4.0%
Q3 2025-3.6%-6.4%-22.6%
Q1 2025-6.9%-7.5%-7.9%
Q4 2024-2.3%+15.0%-33.8%
Q3 2024+1.5%-3.8%-19.8%
Q2 2024+7.9%+20.5%+20.5%
Q1 2024-2.8%+11.1%+0.7%
Q4 2023+9.7%+12.3%+3.8%
Q3 2023-4.9%-10.3%+4.9%
Q2 2023+6.8%-2.7%-23.2%
Q1 2023+4.1%-4.5%-14.9%
Q4 2022-3.1%-19.5%-29.5%
Q3 2022+1.9%+11.0%+3.8%
Q2 2022-9.1%-11.0%-4.9%
Q1 2022+8.6%+13.1%+9.6%
Q4 2021+29.7%+31.0%+37.6%
Q3 2021+3.2%+0.8%+49.7%
Q2 2021+8.1%-5.9%+6.4%
Q1 2021+1.5%+7.7%-22.5%
Q4 2020-0.7%+6.2%-11.2%
Q3 2020+5.9%+9.2%+22.3%
Q2 2020+0.4%+4.4%-17.3%
Q1 2020+9.1%+10.3%+24.6%
Q4 2019-8.5%-17.1%-6.0%
Q3 2019-5.3%+6.7%-85.2%
Q2 2019-3.5%-3.7%-22.2%
Q1 2019-4.6%-7.3%+1.3%
Q4 2018-8.3%-10.8%-23.3%
Q3 2018-5.8%-5.2%-2.7%
Q2 2018+5.1%-0.9%+9.3%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
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Q2 2014
Q1 2014
Q4 2013
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Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
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Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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