NASDAQ$BEAM

Beam Therapeutics Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced first development candidates for sickle cell disease and reported second quarter 2020 results.

Beam Therapeutics reported pipeline updates, recent business highlights and second quarter 2020 financial results, highlighted by the naming of BEAM-101 and BEAM-102 as development candidates for sickle cell disease.

  • Named BEAM-101 and BEAM-102 as development candidates targeting distinct approaches to treating sickle cell disease.
  • Signed lease agreement to build in-house manufacturing facility dedicated to producing base editing therapeutics.
  • Continued to advance and expand the therapeutic application of novel base editing technologies through a broad partnering strategy.
  • Team remains on track to initiate IND-enabling studies in 2020 and file at least one Investigational New Drug application in 2021.

Headline financials

Total Revenue

$6K

Previous: $6K+0.0%
EPS (adj)

-$0.69

Previous: -$0.51-35.7%
R&D expenses

$19.4M

No prior period
G&A expenses

$6.9M

No prior period
Capital Expenditures

-$5.41M

No prior period
Free Cash Flow

-$39.6M

No prior period
Net Income

-$34.2M

Previous: -$17.9M-91.6%
Operating Income

-$26.3M

Previous: -$17.7M-48.9%
Gross Profit

$6K

Previous: -$11.2M+100.1%
Cash & Equivalents

$125M

No prior period
Total Assets

$300M

No prior period
Stock-Based Comp

$2.77M

No prior period

Revenue & EPS history

Beam Therapeutics · Revenue · Quarterly

$6K

Q2 2020+0%vs Q2 2019
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

This press release contains forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, including statements about the expected timing of filing INDs applications, the therapeutic applications of our technology and our ability to develop base editors as a new class of precision genetic medicines for patients.

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 Q2 2020

Historical avgQ2 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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