NASDAQ$ALEC

Alector Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Alector reported Q4 2020 financial results and provided a business update.

Alector reported collaboration revenue of $4.9 million for the quarter ended December 31, 2020, compared to $6.0 million for the same period in 2019. The company's net loss was $52.2 million, compared to a net loss of $30.5 million for the same period in 2019. Cash, cash equivalents, and marketable securities were $413.3 million as of December 31, 2020.

  • Initiated AL001 INFRONT-3 Phase 3 trial in people with frontotemporal dementia with a progranulin mutation; pipeline expansion to ALS planned for 2021
  • Initiated AL002 INVOKE-2 Phase 2 trial in early Alzheimer’s disease patients
  • Completed enrollment in the AL003 Phase 1 trial in Alzheimer’s disease patients.
  • Strong balance sheet continues to support execution of clinical, research and operational goals

Headline financials

Total Revenue

$4.85M

Previous: $6M-19.1%
EPS (adj)

-$0.66

Previous: -$0.45-46.7%
Capital Expenditures

$788K

No prior period
Free Cash Flow

-$48.4M

No prior period
Net Income

-$52.2M

Previous: -$30.5M-70.9%
Operating Income

-$52.8M

Previous: -$32.3M-63.1%
Gross Profit

-$39.5M

No prior period
Cash & Equivalents

$413M

Previous: $353M+17.1%
Total Assets

$488M

Previous: $422M+15.7%
Stock-Based Comp

$8.9M

No prior period

Revenue & EPS history

Alector · Revenue · Quarterly

$4.85M

Q4 2020-19.1%vs Q4 2019
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Revenue by segment

Alector · $4.85M total across 1 segment · Q4 2020

  • Collaboration Revenue
    $4.85M-19.1%

Forward guidance

Alector believes that its cash and investments as of December 31, 2020, will be sufficient to fund its anticipated operations through mid-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 Q4 2020

Historical avgQ4 2020

+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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