NASDAQ$ALEC

Alector Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Alector reported financial results for the first quarter ended March 31, 2021.

Alector reported a collaboration revenue of $4.1 million for the quarter ended March 31, 2021, and a net loss of $52.2 million. The company's cash, cash equivalents, and marketable securities were $362.7 million as of March 31, 2021.

  • Enrollment ongoing for AL001 INFRONT-3 Phase 3 trial in frontotemporal dementia with a progranulin mutation.
  • Enrollment ongoing for AL002 INVOKE-2 Phase 2 trial in early Alzheimer’s disease patients.
  • Three abstracts accepted for presentation at 2021 Alzheimer’s Association International Conference (AAIC), including updated data from ongoing AL001 open-label Phase 2 study in FTD-GRN.
  • Alector plans to present updated data from the ongoing AL001 Phase 2 open-label study at the upcoming Alzheimer’s Association International Conference (AAIC), taking place July 26-30, 2021.

Headline financials

Total Revenue

$4.11M

Previous: $7.17M-42.7%
EPS (adj)

-$0.66

Previous: -$0.53-24.5%
Capital Expenditures

-$947K

Previous: -$3.57M+73.4%
Free Cash Flow

-$53.1M

Previous: -$43.6M-21.9%
Net Income

-$52.2M

Previous: -$40M-30.4%
Operating Income

-$52.6M

Previous: -$42.1M-25.1%
Cash & Equivalents

$363M

Previous: $549M-33.9%
Total Assets

$440M

Previous: $619M-28.9%

Revenue & EPS history

Alector · Revenue · Quarterly

$4.11M

Q1 2021-42.7%vs Q1 2020
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Revenue by segment

Alector · $4.11M total across 1 segment · Q1 2021

  • Collaboration Revenue
    $4.11M-42.7%

Forward guidance

Planning is underway to initiate first-in-human studies for AL008 and AL009, two oncology programs, in 2022.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.1%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-5.5%

Avg return

30 days after

52%

15 / 29 earnings

Positive

+32.9%

Q2 2023

Best reaction

-18.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-16.0%-36.6%
Q4 2025+7.1%-11.7%-16.3%
Q3 2025+4.1%+8.4%-2.8%
Q1 2025+4.2%+7.4%+23.8%
Q4 2024-3.5%-15.4%-25.0%
Q3 2024+12.8%+21.3%-56.8%
Q2 2024+0.8%+0.9%-4.2%
Q1 2024-1.9%+1.7%-17.7%
Q4 2023+7.9%+14.4%-7.1%
Q3 2023-2.6%-17.7%+6.0%
Q2 2023+32.9%+12.4%-15.6%
Q1 2023+13.0%+20.6%+8.5%
Q4 2022+0.9%-9.5%-30.3%
Q3 2022-18.4%+3.1%+3.1%
Q2 2022+16.3%+12.7%-6.9%
Q1 2022-12.7%-20.0%-11.9%
Q4 2021+1.9%-1.3%-7.8%
Q3 2021+2.3%+4.1%-20.7%
Q2 2021+9.5%+9.0%+10.1%
Q1 2021-7.8%-12.4%+6.1%
Q4 2020-4.7%-10.7%-14.3%
Q3 2020+0.4%+7.2%+25.2%
Q2 2020-6.9%-7.4%-13.5%
Q1 2020-5.0%+0.3%+3.7%
Q4 2019-1.5%-4.4%+0.8%
Q3 2019-6.1%-4.2%+19.5%
Q2 2019-1.7%-18.0%+9.4%
Q1 2019+4.9%+1.3%+0.2%
Q4 2018-8.6%-3.5%+10.8%
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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