NASDAQ$BCYC

Bicycle Therapeutics plc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2022 and provided recent corporate updates.

Bicycle Therapeutics reported interim data for the Phase I portion of the Phase I/II trial in BT8009, showing an overall response rate, or ORR, of 50% in the 5mg/m2 weekly cohort in patients with urothelial cancer and an encouraging tolerability profile. The company's cash and cash equivalents of $407.4 million as of March 31, 2022 are expected to provide financial runway through 2024.

  • Reported interim data for the Phase I portion of the Phase I/II trial in BT8009, showing an overall response rate, or ORR, of 50% in the 5mg/m2 weekly cohort in patients with urothelial cancer and an encouraging tolerability profile.
  • BT8009 has the potential to offer clinically meaningful differentiation compared to currently available therapies.
  • Initiating the BT5528 Phase II expansion cohorts soon.
  • Cash and cash equivalents will provide financial runway through 2024.

Headline financials

Total Revenue

$3.86M

Previous: $1.81M+113.5%
EPS (adj)

-$0.93

Previous: -$0.73-27.4%
Capital Expenditures

-$4.76M

Previous: -$623K-663.4%
Free Cash Flow

-$32.3M

Previous: -$16.8M-92.2%
Net Income

-$27.6M

Previous: -$16.2M-70.2%
Operating Income

-$27.4M

Previous: -$16M-70.9%
Gross Profit

-$9.63M

Previous: -$7.89M-22.2%
Cash & Equivalents

$407M

Previous: $196M+107.9%
Total Assets

$460M

Previous: $224M+105.3%
Stock-Based Comp

$10.2M

Previous: $3.82M+166.9%

Revenue & EPS history

Bicycle · Revenue · Quarterly

$3.86M

Q1 2022+113.5%vs Q1 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Bicycle's anticipated advancement of its product candidates, including BT8009, BT5528 and BT7480; the anticipated design of, initiation of expansion cohorts in, dosing in and progression of Bicycle’s clinical trials; the availability of data from clinical trials; the therapeutic potential for Bicycles in oncology and other applications; and Bicycle’s expected cash runway.

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 2022

Historical avgQ1 2022

+1.2%

Avg return

Earnings day

-1.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

52%

14 / 27 earnings

Positive

+19.3%

Q4 2019

Best reaction

-10.8%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%+3.6%-0.8%
Q4 2025-4.2%-13.9%+1.8%
Q3 2025+6.7%-16.0%-8.6%
Q1 2025+6.1%-13.6%-4.0%
Q4 2024-1.3%-2.5%-18.3%
Q3 2024-5.5%-2.2%-15.1%
Q2 2024-0.7%+2.1%-10.0%
Q1 2024+1.6%-4.6%-8.3%
Q4 2023+3.1%+9.5%+14.9%
Q3 2023+1.2%-0.7%-2.3%
Q2 2023+1.3%-2.8%-4.1%
Q1 2023-0.4%+2.5%+15.7%
Q4 2022-1.9%-5.5%-6.2%
Q3 2022-3.2%+0.8%+29.6%
Q2 2022+14.8%+17.7%+12.8%
Q1 2022-10.8%-22.6%-33.6%
Q4 2021-1.2%-9.7%-7.6%
Q3 2021+0.7%+2.5%-6.8%
Q2 2021+1.8%+2.3%+36.0%
Q1 2021+1.9%-1.3%-5.5%
Q4 2020+1.9%+2.0%+3.8%
Q3 2020-1.5%+3.1%+5.2%
Q2 2020-0.2%+0.0%+5.8%
Q1 2020+0.7%+6.6%+23.2%
Q4 2019+19.3%+1.5%-2.3%
Q3 2019-4.2%-7.7%-4.8%
Q2 2019+5.9%+5.4%-6.6%
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017

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