NASDAQ$BEAM
Beam Therapeutics Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Beam Therapeutics reported third quarter 2024 financial results and progress across priority programs.
Beam Therapeutics reported its third quarter 2024 financial results, highlighting progress in hematology and liver genetic disease programs. Noteworthy achievements include the upcoming presentation of BEAM-101 clinical data and preclinical data for ESCAPE at the ASH Annual Meeting, the completion of dosing for the first cohort in the BEAM-302 clinical trial, and an open IND with the FDA for BEAM-301. The company ended the quarter with $925.8 million in cash, cash equivalents, and marketable securities, expecting an operating runway into 2027.
- Four Beam abstracts were accepted for presentation at the ASH Annual Meeting, including data from the BEACON trial of BEAM-101 and preclinical data for ESCAPE.
- 35 patients have enrolled in the BEACON Phase 1/2 clinical trial of BEAM-101, with eight patients dosed.
- Patient enrollment in the Phase 1/2 clinical trial of BEAM-302 is progressing, and dosing is complete for the first cohort.
- Beam nominated a development candidate for its ESCAPE technology, including BEAM-103 and BEAM-104, for development in SCD and beta-thalassemia.
Headline financials
Revenue & EPS history
Beam Therapeutics · Revenue · Quarterly
$14.3M
Revenue by segment
Beam Therapeutics · $6K total across 1 segment · Q2 2021
- License & collaboration revenue$6K—100.0%
Forward guidance
Beam Therapeutics expects that its cash, cash equivalents and marketable securities as of September 30, 2024, will enable the company to fund its anticipated operating expenses and capital expenditure requirements into 2027.
Tailwinds
- Funding directed toward reaching each of the key anticipated milestones for BEAM-101, BEAM-103, BEAM-104, BEAM-301 and BEAM-302.
- Continued investments in platform advancements.
- Continued investments in manufacturing capabilities.
- Initial clinical data from multiple cohorts in the Phase 1/2 clinical trial of BEAM-302 in patients with AATD in 2025.
- Patient dosing for BEAM-301 expected to commence in early 2025.
Headwinds
- Excludes commercial spend related to the potential launch of BEAM-101.
- Risks related to competitive products.
- Uncertainty that product candidates will receive regulatory approval necessary to initiate human clinical trials.
- Preclinical testing of product candidates and preliminary or interim data from preclinical studies and clinical trials may not be predictive of the results or success of ongoing or later clinical trials.
- Product candidates or the delivery modalities may cause serious adverse events.
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 2024
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro