NASDAQ$BCYC

Bicycle Therapeutics plc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported first quarter financial results and recent business progress.

Bicycle Therapeutics reported its first quarter financial results, highlighting the initiation of the Phase 2/3 Duravelo-2 registrational trial for BT8009 in metastatic urothelial cancer and progress across its pipeline.

  • Multiple preclinical and clinical abstracts accepted for presentation at 2024 ASCO Annual Meeting and AACR Annual Meeting.
  • Continued progress across research and development (R&D) pipeline, with numerous clinical data readouts and updates expected in 2H 2024.
  • Mike Hannay, D.Sc., FRPharmS, promoted to Chief Product and Supply Chain Officer
  • Cash and cash equivalents of $457.0 million as of March 31, 2024, expected to provide financial runway into 2026

Headline financials

Total Revenue

$19.5M

Previous: $4.9M+298.9%
EPS (adj)

-$0.62

Previous: -$1.30+52.3%
Capital Expenditures

-$12K

Previous: -$2.1M+99.4%
Free Cash Flow

-$26.6M

Previous: -$41.2M+35.4%
Net Income

-$26.6M

Previous: -$39.1M+32.0%
Operating Income

-$31.7M

Previous: -$41.8M+24.1%
Gross Profit

$17.9M

Previous: $3.32M+437.2%
Cash & Equivalents

$457M

Previous: $294M+55.5%
Total Assets

$547M

Previous: $429M+27.6%
R&D Expense

$50.2M

No prior period
Stock-Based Comp

$9.28M

Previous: $9.04M+2.7%

Revenue & EPS history

Bicycle · Revenue · Quarterly

$19.5M

Q1 2024+298.9%vs Q1 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

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 2024

Historical avgQ1 2024

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro