NASDAQ$ARQT

Arcutis Biotherapeutics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Arcutis reported financial results for the quarter ended March 31, 2021 and provided a business update.

Arcutis had a productive first quarter of 2021, with positive Phase 3 results for topical roflumilast cream in plaque psoriasis and progress in advancing topical roflumilast foam into Phase 3 development for scalp psoriasis and seborrheic dermatitis. The company's Phase 1/2b study of ARQ-252 in chronic hand eczema did not meet its primary endpoint. Arcutis ended the quarter with a strong financial position, holding over $440 million in cash, cash equivalents, and marketable securities.

  • NDA submission for topical roflumilast cream as a potential treatment for plaque psoriasis anticipated in the second half of 2021.
  • Positive Phase 3 results for topical roflumilast cream in plaque psoriasis announced in February.
  • Topical roflumilast foam is advancing into Phase 3 development for the treatment of scalp psoriasis with a single pivotal trial.
  • Pivotal Phase 3 trials of topical roflumilast cream in atopic dermatitis were initiated in January.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.76

Previous: -$1.15+33.9%
Capital Expenditures

-$554K

Previous: -$41K-1251.2%
Free Cash Flow

-$36.6M

Previous: -$28.1M-30.4%
Net Income

-$36M

Previous: -$28M-28.7%
Operating Income

-$36.1M

Previous: -$28.7M-25.9%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$289M

No prior period
Total Assets

$471M

No prior period
Stock-Based Comp

$8.5M

No prior period

Revenue & EPS history

Arcutis · Revenue · Quarterly

$0

Q1 2021
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Forward guidance

Arcutis believes that its current cash, cash equivalents and marketable securities will be sufficient to fund its operations well into 2023.

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

+1.8%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

64%

16 / 25 earnings

Positive

+27.2%

Q3 2025

Best reaction

-15.6%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.2%-9.3%-9.4%
Q4 2025+5.7%-12.6%-21.4%
Q3 2025+27.2%+28.9%+57.6%
Q1 2025-4.6%+0.5%+0.3%
Q4 2024+8.4%+5.2%+28.9%
Q3 2024+11.8%+16.6%+33.3%
Q2 2024-14.6%-13.1%+7.1%
Q1 2024+15.6%+15.1%+16.9%
Q4 2023+7.4%+21.5%+2.3%
Q3 2023+5.4%-0.9%-10.4%
Q2 2023-2.0%-6.5%-21.0%
Q1 2023-15.6%-29.3%-29.8%
Q4 2022+4.4%-2.7%-31.8%
Q3 2022+0.6%+3.1%-8.4%
Q2 2022+13.2%+11.8%+8.6%
Q1 2022-11.8%-14.1%-3.5%
Q4 2021+1.1%+12.6%+10.7%
Q3 2021-7.5%-6.9%-35.6%
Q2 2021+3.1%+5.2%+4.1%
Q1 2021-3.4%-1.8%-23.1%
Q4 2020-0.1%+3.6%-10.5%
Q3 2020-3.8%+8.9%+37.1%
Q2 2020+1.7%+1.8%-6.5%
Q1 2020+0.0%-4.6%-4.6%
Q4 2019+0.0%-4.6%-4.6%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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