NASDAQ$BCYC

Bicycle Therapeutics plc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Bicycle Therapeutics reported financial results for Q4 2024 and provided corporate updates.

Bicycle Therapeutics reported promising anti-tumor activity and a differentiated safety profile for zelenectide pevedotin plus pembrolizumab in first-line metastatic urothelial cancer. The company's cash and cash equivalents were $879.5 million as of December 31, 2024, expected to provide financial runway into 2H 2027.

  • Zelenectide pevedotin plus pembrolizumab show promising anti-tumor activity in first-line metastatic urothelial cancer.
  • Duravelo-2 dose selection data is expected in 2H 2025.
  • FDA granted Fast Track designation to zelenectide pevedotin for triple-negative breast cancer and NSCLC.
  • Cash and cash equivalents of $879.5 million as of December 31, 2024, expected to provide financial runway into 2H 2027.

Headline financials

Total Revenue

$3.71M

Previous: $5.33M-30.4%
EPS (adj)

-$0.75

Previous: -$1.16+35.3%
Capital Expenditures

-$365K

Previous: -$49.6K-634.5%
Free Cash Flow

-$9.13M

No prior period
Net Income

-$51.4M

Previous: -$49.1M-4.6%
Operating Income

-$78.4M

Previous: -$54.2M-44.5%
Gross Profit

$1.99M

Previous: $3.66M-45.8%
R&D Expense

$61.2M

No prior period

Revenue & EPS history

Bicycle · Revenue · Quarterly

$3.71M

Q4 2024-30.4%vs Q4 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

Bicycle Therapeutics is focused on advancing its pipeline and executing its research and development programs.

Tailwinds

  • Continue topline Phase 1 combination data for zelenectide pevedotin plus pembrolizumab continue to show promising anti-tumor activity
  • Advancing radiopharmaceuticals pipeline, with additional MT1-MMP human imaging data expected in mid-2025
  • First EphA2 human imaging data planned for 2H 2025
  • Several Phase 1/2 trials expected to start in 2025
  • Financial runway into the second half of 2027

Headwinds

  • Uncertainties inherent in research and development
  • Risk that Bicycle Therapeutics may not realize the intended benefits of its technology, partnerships or NECTIN4 gene-amplification strategy
  • Timing of results from clinical trials
  • Risk that trials may have unsatisfactory outcomes
  • Potential adverse effects arising from the testing or use of Bicycle Therapeutics’ product candidates

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 2024

Historical avgQ4 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

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