NASDAQ$CGEM

Cullinan Oncology Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2021 financial results and provided a corporate update.

Cullinan Oncology reported its fourth quarter and full year 2021 financial results. Clinical trials for CLN-619 and CLN-049 were initiated, and an HPK1 degrader collaboration with Mount Sinai was established. The company finished the year with over $430 million in cash and investments.

  • Reported compelling data from the ongoing Phase 1/2a trial of CLN-081.
  • FDA granted CLN-081 Breakthrough Therapy Designation.
  • Initiated clinical trials for CLN-619 and CLN-049.
  • Expanded pipeline with an HPK1 degrader collaboration with the Icahn School of Medicine at Mount Sinai.

Headline financials

Total Revenue

-$37.8M

No prior period
EPS (adj)

-$0.74

Previous: -$0.68-9.6%
Free Cash Flow

-$15.2M

No prior period
Net Income

-$34.2M

Previous: -$59.5M+42.5%
Operating Income

-$34.3M

Previous: -$60.3M+43.1%
Cash & Equivalents

$431M

Previous: $168M+156.2%
Total Assets

$437M

Previous: $215M+103.6%
Stock-Based Comp

$12.1M

No prior period

Revenue & EPS history

Cullinan Oncology · Revenue · Quarterly

-$37.8M

Q4 2021
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995.

Tailwinds

  • Cullinan’s beliefs and expectations regarding our preclinical and clinical development plans
  • clinical trial designs
  • clinical and therapeutic potential
  • strategy of our product candidates
  • our ability to evaluate strategic opportunities to accelerate development timelines

Headwinds

  • uncertainty regarding the timing and results of regulatory submissions
  • success of our clinical trials and preclinical studies
  • risks related to our ability to protect and maintain our intellectual property position
  • risks related to manufacturing, supply, and distribution of our product candidates
  • risks related to the impact of COVID-19 affecting countries or regions in which we have operations or do business, including potential negative impacts on our employees, customers, supply chain and production as well as global economies and financial markets

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 2021

Historical avgQ4 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

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