NASDAQ$BEAM

Beam Therapeutics Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Beam Therapeutics reported its first quarter 2020 financial results and presented additional data at the ASGCT Annual Meeting.

Beam Therapeutics reported its Q1 2020 financial results, highlighting a net loss of $31.7 million, or $1.03 per share, and a cash position of $253.4 million. The company also presented promising data from its base editing programs at the ASGCT Annual Meeting, including in vivo proof of concept for alpha-1 antitrypsin deficiency and potential best-in-class approaches for sickle cell disease.

  • Presented in vivo proof of concept for base editing in alpha-1 antitrypsin deficiency.
  • Showcased two potentially best-in-class approaches for base editing in sickle cell disease.
  • Observed more than 90% editing and a more than 65% increase in gamma globin levels in HPFH program.
  • Cash, cash equivalents and marketable securities were $253.4 million as of March 31, 2020.

Headline financials

Total Revenue

$6K

No prior period
EPS (adj)

-$1.03

Previous: -$0.39-165.9%
R&D expenses

$21.5M

No prior period
G&A expenses

$6.81M

No prior period
Capital Expenditures

-$3.05M

No prior period
Free Cash Flow

-$33.5M

No prior period
Net Income

-$30.5M

Previous: -$13.6M-123.8%
Operating Income

-$28.4M

Previous: -$13.1M-116.3%
Gross Profit

$6K

Previous: -$8.67M+100.1%
Cash & Equivalents

$126M

No prior period
Total Assets

$323M

No prior period

Revenue & EPS history

Beam Therapeutics · Revenue · Quarterly

$6K

Q1 2020
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Revenue by segment

Beam Therapeutics · $6K total across 1 segment · Q2 2021

  • License & collaboration revenue
    $6K

Forward guidance

Beam Therapeutics continues to execute its business objectives for 2020, while closely monitoring the impact of the evolving COVID-19 pandemic and advancing critical research and development activities to support an initial wave of Investigational New Drug (IND) applications beginning in 2021.

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 2020

Historical avgQ1 2020

+1.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+3.6%

Avg return

30 days after

56%

14 / 25 earnings

Positive

+21.8%

Q4 2023

Best reaction

-11.1%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%-2.4%-9.3%
Q4 2025+14.1%+0.5%-16.6%
Q3 2025-6.4%-8.4%+19.2%
Q1 2025+3.9%-0.2%-1.1%
Q4 2024-3.1%-14.5%-27.9%
Q3 2024+9.3%+11.1%+3.9%
Q2 2024-4.5%-4.5%-5.6%
Q1 2024-2.4%-6.7%+5.7%
Q4 2023+21.8%+11.3%-7.7%
Q3 2023-11.1%-12.2%+5.6%
Q2 2023+2.2%+0.0%-1.5%
Q1 2023+1.9%+4.3%-6.7%
Q4 2022-1.3%+0.3%-22.7%
Q3 2022-10.3%+19.0%+3.0%
Q2 2022+3.2%+8.5%-10.4%
Q1 2022+0.3%-0.6%+12.6%
Q4 2021-1.7%-14.3%-20.5%
Q3 2021+9.1%+2.9%-11.4%
Q2 2021+1.0%-5.6%+1.0%
Q1 2021+4.3%+12.2%+37.1%
Q4 2020-4.4%-5.6%-22.3%
Q3 2020+2.5%-1.4%+109.9%
Q2 2020-5.1%-3.5%+8.6%
Q1 2020+3.3%+3.4%+23.1%
Q4 2019+3.3%+3.4%+23.1%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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