NASDAQ$BEAM
Beam Therapeutics Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced pipeline and business highlights and reported financial results.
Beam Therapeutics reported its Q1 2022 financial results, highlighting advancements in its pipeline, including progress with BEAM-101, BEAM-102, and BEAM-201 programs, and the initiation of IND-enabling studies for BEAM-301. The company ended the quarter with $1.2 billion in cash, cash equivalents, and marketable securities.
- BEAM-101 patient enrollment, BEAM-102 and BEAM-201 IND submissions and BEAM-301 IND-Enabling Studies are all on-track for the second half of 2022
- A Natural History Study was initiated in people with Sickle Trait to provide insights into key characteristics of Sickle Cell Trait and Sickle Cell Disease
- Manmohan Singh, Ph.D., was appointed to Executive Leadership Team and Anne Marie Woodland was appointed as Head of Regulatory
- Ended First Quarter 2022 with $1.2 Billion in Cash, Cash Equivalents and Marketable Securities
Headline financials
Revenue & EPS history
Beam Therapeutics · Revenue · Quarterly
$8.43M
Revenue by segment
Beam Therapeutics · $6K total across 1 segment · Q2 2021
- License & collaboration revenue$6K—100.0%
Forward guidance
The press release contains forward-looking statements regarding the AUNT Study, presentations at ASGCT, nomination of additional development candidates, initiation of IND-enabling studies and submission of IND applications, the therapeutic applications and potential of Beam's technology, the planned initiation and design of the BEACON-101 clinical trial, the sufficiency of capital resources, and the ability to develop life-long, curative, precision genetic medicines.
Tailwinds
- Intended design and planned initiation of the AUNT Study
- Plans and anticipated timing to nominate additional development candidates
- Plans and anticipated timing to initiate IND-enabling studies
- Plans and anticipated timing to submit IND applications
- Ability to develop life-long, curative, precision genetic medicines for patients through base editing
Headwinds
- Ability to develop, obtain regulatory approval for, and commercialize product candidates may take longer or cost more than planned
- Ability to raise additional funding may not be available
- Ability to obtain, maintain and enforce patent and other intellectual property protection for product candidates
- Preclinical testing and preliminary data from studies and trials may not be predictive of results
- Enrollment of clinical trials may take longer than expected
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
+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
| Quarter | Report date | Reaction (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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