NASDAQ$COGT

Cogent Biosciences Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2019, and provided corporate updates.

Unum Therapeutics reported collaboration revenues of $15.3 million for Q4 2019, a significant increase compared to $3.8 million for the same period in 2018, primarily due to the recognition of a portion of the upfront payment from Seattle Genetics, Inc. Net income attributable to common stockholders was $2.3 million, or $0.07 per share, for the fourth quarter of 2019, compared to a net loss of $8.6 million, or ($0.29) per share for the same period of 2018. As of December 31, 2019, Unum had cash and cash equivalents of $37.4 million.

  • Prioritizing resources towards advancing preclinical program, BOXR1030, for solid tumor cancers.
  • Presented preclinical data for BOXR1030 at the Society for Immunotherapy of Cancer (SITC) Annual Meeting.
  • Entered into a common stock purchase agreement for up to $25 million with Lincoln Park Capital Fund, LLC.
  • Announced plans to explore strategic options to maximize shareholder value.

Headline financials

Total Revenue

$15.3M

Previous: $3.81M+301.8%
EPS (adj)

$0.07

Previous: -$0.29+124.1%
Working capital

$27.3M

No prior period
Capital Expenditures

$13K

No prior period
Free Cash Flow

-$8.46M

Previous: -$9.02M+6.2%
Net Income

$2.3M

Previous: -$8.61M+126.7%
Operating Income

$2.24M

Previous: -$9M+124.9%
Gross Profit

$4.93M

Previous: $3.81M+29.7%
Cash & Equivalents

$37.4M

Previous: $55.7M-32.8%
Total Assets

$49.4M

Previous: $85.9M-42.5%
Stock-Based Comp

$842K

Previous: $902K-6.7%

Revenue & EPS history

Cogent Biosciences · Revenue · Quarterly

$15.3M

Q4 2019+301.8%vs Q4 2018
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

Unum believes that its existing cash and cash equivalents will fund operating expenses and capital expenditure requirements into mid-2021.

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 2019

Historical avgQ4 2019

+0.9%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+4.5%

Avg return

30 days after

65%

20 / 31 earnings

Positive

+17.8%

Q3 2018

Best reaction

-24.0%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-5.3%-10.6%
Q3 2025-4.4%-9.1%+140.2%
Q2 2025-5.8%-9.0%+7.4%
Q1 2025+2.7%+4.4%+48.4%
Q4 2024-6.3%+0.9%-11.4%
Q3 2024+0.0%-14.4%-19.8%
Q1 2024+0.4%-0.1%+11.1%
Q4 2023+0.7%-2.8%-12.4%
Q3 2023+3.9%+3.8%-2.7%
Q2 2023+7.3%+8.8%+9.4%
Q1 2023-1.5%-2.6%-2.9%
Q4 2022+0.7%-5.1%-13.7%
Q3 2022-5.7%-8.5%-2.6%
Q2 2022+9.6%+12.1%+32.7%
Q1 2022-24.0%-26.8%-10.6%
Q4 2021+4.5%+28.4%+64.6%
Q3 2021+13.7%+12.1%-9.9%
Q2 2021+5.4%+13.4%+3.3%
Q1 2021+1.7%+4.9%+4.0%
Q4 2020+5.9%+5.5%+9.0%
Q3 2020+13.2%+9.8%+14.9%
Q2 2020-11.4%-11.0%-8.3%
Q1 2020+0.5%+17.9%+37.1%
Q4 2019-3.1%-15.5%-18.6%
Q3 2019-10.2%-32.6%-52.1%
Q2 2019+4.4%+9.3%+9.0%
Q1 2019+0.2%-1.1%-26.2%
Q4 2018+8.1%+5.4%-12.3%
Q3 2018+17.8%+18.5%-25.0%
Q2 2018-5.9%-12.8%-27.3%
Q1 2018+4.0%+12.4%+13.6%
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q3 2016
Q3 2015

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