NASDAQ$CGEM

Cullinan Oncology Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter 2021 financial results and provided a corporate update.

Cullinan Oncology reported a strong cash position of $456.3 million as of June 30, 2021, and highlighted the IND clearance of two immuno-oncology pipeline programs, Cullinan MICA and Cullinan Florentine. Interim data from the Cullinan Pearl trial showed a disease control rate of 92% in the 100mg dose cohort.

  • Cullinan Pearl data showed increased disease control rate of 92% in the 100mg dose cohort.
  • IND clearance was received for two immuno-oncology pipeline programs: Cullinan MICA and Cullinan Florentine.
  • Clinical trial starts for Cullinan MICA and Cullinan Florentine are expected in 2H 2021.
  • Cash and investments totaled $456.3 million as of June 30, 2021.

Headline financials

Total Revenue

$18.9M

No prior period
EPS (adj)

-$0.36

Previous: -$0.45+19.2%
Capital Expenditures

-$7K

No prior period
Free Cash Flow

-$15.6M

No prior period
Net Income

-$15.6M

Previous: -$8.62M-81.4%
Operating Income

-$16.6M

Previous: -$14.1M-17.6%
Cash & Equivalents

$124M

No prior period
Total Assets

$464M

No prior period
Stock-Based Comp

$4.17M

No prior period

Revenue & EPS history

Cullinan Oncology · Revenue · Quarterly

$18.9M

Q2 2021
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Cullinan Oncology expects to provide updated preclinical data on Cullinan Amber and a clinical and regulatory update on Cullinan Pearl in the fourth quarter.

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 2021

Historical avgQ2 2021

+0.5%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-2.1%

Avg return

30 days after

55%

11 / 20 earnings

Positive

+13.5%

Q1 2022

Best reaction

-10.8%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.6%+7.7%-10.0%
Q3 2025+0.8%+6.7%+44.9%
Q2 2025-10.8%-7.7%-11.3%
Q1 2025+2.3%+1.3%+5.8%
Q4 2024+1.9%-3.8%-5.1%
Q3 2024-2.8%-2.8%-20.8%
Q1 2024-9.7%-9.1%-28.4%
Q4 2023-6.2%-8.7%-1.8%
Q3 2023-2.7%-11.1%-17.7%
Q2 2023+4.3%-1.4%-0.6%
Q1 2023+1.2%-5.3%+36.0%
Q4 2022-1.5%+3.3%-9.1%
Q3 2022+3.8%+1.0%-3.0%
Q2 2022-5.6%+0.8%-3.5%
Q1 2022+13.5%+6.8%+12.1%
Q4 2021+8.8%+3.0%-8.6%
Q3 2021-4.5%-10.1%-28.8%
Q2 2021+7.8%+3.8%+8.0%
Q1 2021+2.2%+12.4%+13.1%
Q4 2020+9.5%+8.4%-13.9%
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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