NASDAQ$CGEM

Cullinan Oncology Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced full year 2020 financial results and business highlights.

Cullinan Oncology reported its full year 2020 financial results, highlighting pipeline advancements, a strengthened balance sheet through Series C financing and an IPO, and key team expansions.

  • Advanced clinical and preclinical programs, with promising initial Cullinan Pearl data.
  • Plans to file additional INDs in 2021 for immuno-oncology assets Cullinan Florentine and Cullinan MICA.
  • Completed Series C financing of $131.2M in December 2020 and IPO of $287.4M in January 2021, bolstering cash position.
  • Expanded team with key hires in immuno-oncology and business development.

Headline financials

EPS (adj)

-$0.68

Previous: -$0.24-186.2%
Net Income

-$59.5M

Previous: -$4.57M-1201.3%
Operating Income

-$60.3M

Previous: -$4.98M-1111.8%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$168M

No prior period
Total Assets

$215M

No prior period
R&D Expense

$16.6M

Previous: $3.8M+337.4%

Revenue & EPS history

Cullinan Oncology · Revenue · Quarterly

$275M

Q3 2025
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Cullinan Oncology did not provide specific financial forward guidance, but highlighted expectations for continued pipeline development and strategic advancements.

Tailwinds

  • Advancing clinical and preclinical programs.
  • Filing INDs for immuno-oncology assets.
  • Evaluating strategic opportunities to accelerate development timelines.
  • Optimizing collaborations and license agreements.
  • Presenting additional data at upcoming scientific conferences in 2021.

Headwinds

  • Uncertainty regarding the timing and results of regulatory submissions.
  • Success of clinical trials and preclinical studies.
  • Risks related to protecting and maintaining intellectual property.
  • Risks related to manufacturing, supply, and distribution of therapeutic candidates.
  • Impact of COVID-19 on operations and business.

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 Q4 2020

Historical avgQ4 2020

+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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