NASDAQ$BEAM
Beam Therapeutics Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Portfolio progressed with BEACON clinical trial underway and IND-enabling studies initiated for BEAM-301, while reporting financial results.
Beam Therapeutics reported its Q3 2022 financial results with a net loss of $109.6 million, or $1.56 per share. The company ended the quarter with $1.1 billion in cash, cash equivalents and marketable securities. Portfolio updates included patient recruitment underway in the BEACON clinical trial of BEAM-101 and IND-enabling studies underway for BEAM-301.
- Patient recruitment is underway in the BEACON clinical trial of BEAM-101 for the treatment of sickle cell disease.
- IND-enabling studies are underway for BEAM-301 for the treatment of GSDIa.
- BEAM-302 was nominated as a development candidate for the treatment of Alpha-1 Antitrypsin Deficiency.
- The company ended the third quarter with $1.1 billion in cash, cash equivalents, and marketable securities.
Headline financials
Revenue & EPS history
Beam Therapeutics · Revenue · Quarterly
$15.8M
Revenue by segment
Beam Therapeutics · $6K total across 1 segment · Q2 2021
- License & collaboration revenue$6K—100.0%
Forward guidance
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on these forward-looking statements, including, but not limited to, statements related to: our upcoming presentation at the ASH annual meeting; our plans, and anticipated timing, to advance our programs; our expectations for transitioning to a multi-program clinical stage company; the therapeutic applications and potential of our technology, including with respect to SCD and our conditioning regimens, GSDIa, AATD, HBV, and CAR-T cells; the expected timing of enrolling the first subject in our BEACON Phase 1/2 clinical trial of BEAM-101; the sufficiency of our capital resources to fund operating expenses and capital expenditure requirements; and our ability to develop life-long, curative, precision genetic medicines for patients through base editing.
Tailwinds
- Upcoming presentation at the ASH annual meeting.
- Plans and anticipated timing to advance programs.
- Expectations for transitioning to a multi-program clinical stage company.
- Therapeutic applications and potential of our technology, including with respect to SCD and our conditioning regimens, GSDIa, AATD, HBV, and CAR-T cells.
- Expected timing of enrolling the first subject in our BEACON Phase 1/2 clinical trial of BEAM-101.
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.
- Potential impact of the COVID-19 pandemic, including its impact on the global supply chain.
- Uncertainty that product candidates will receive regulatory approval necessary to initiate human clinical studies.
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 Q3 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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