NASDAQ$CRIS

Curis Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Curis reported financial results for the first quarter ended March 31, 2020.

Curis reported a net loss of $9.7 million, or $0.28 per share, for the first quarter of 2020. Revenues for the quarter were $2.7 million, primarily from royalty revenues on Genentech and Roche's Erivedge sales. The company's cash, cash equivalents, and investments totaled $12.5 million as of March 31, 2020.

  • Advanced ongoing study for CA-4948.
  • Accomplished key licensing and financial objectives.
  • Implemented clinical and operational measures in response to the COVID-19 pandemic.
  • Expects to initiate a Phase 1 trial of CA-4948 in patients with AML and MDS in the second quarter of 2020.

Headline financials

Total Revenue

$2.71M

Previous: $1.77M+53.3%
EPS (adj)

-$5.60

Previous: -$3.80-47.4%
Research and Development Expenses

$7.47M

Previous: $4.07M+83.4%
General and Administrative Expenses

$3.59M

Previous: $3.14M+14.3%
Capital Expenditures

-$241K

Previous: $0.00
Free Cash Flow

-$9.95M

Previous: -$9.88M-0.7%
Net Income

-$9.71M

Previous: -$9.88M+1.8%
Operating Income

-$8.48M

Previous: -$5.56M-52.6%
Gross Profit

$2.58M

No prior period
Cash & Equivalents

$12.5M

Previous: $42.8M-70.7%
Total Assets

$26.7M

Previous: $55.4M-51.8%
Stock-Based Comp

$625K

No prior period

Revenue & EPS history

Curis · Revenue · Quarterly

$2.71M

Q1 2020+53.3%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Curis · $2.52M total across 1 segment · Q1 2020

  • Royalties
    $2.52M+17.7%

Forward guidance

Curis expects that its existing cash, cash equivalents and investments should enable it to maintain its planned operations into the second half of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.7%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+14.9%

Avg return

30 days after

37%

23 / 63 earnings

Positive

+46.2%

Q4 2017

Best reaction

-26.3%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-3.3%-4.6%
Q1 2026-9.5%-13.1%-23.7%
Q3 2025-7.2%-15.8%-7.5%
Q4 2024-9.5%-38.6%-32.4%
Q3 2024+0.5%-3.6%-9.2%
Q2 2024-8.8%-12.4%+0.9%
Q1 2024+1.1%-2.8%-40.2%
Q4 2023+10.9%+8.0%+11.8%
Q3 2023-3.0%+15.3%+151.8%
Q2 2023-11.5%-17.7%-26.6%
Q1 2023-0.6%+2.5%+6.2%
Q4 2022-10.9%-14.3%+31.7%
Q3 2022+5.1%+15.4%-1.3%
Q2 2022+2.0%+0.0%-7.1%
Q1 2022-12.6%+2.0%-6.0%
Q4 2021+9.2%+15.7%-15.4%
Q3 2021-0.7%-2.5%-21.1%
Q2 2021-6.9%-10.1%+13.9%
Q1 2021+33.0%+53.1%-18.5%
Q4 2020-1.7%+10.2%+10.8%
Q3 2020+12.0%+13.9%+647.2%
Q2 2020+16.8%+19.3%-16.0%
Q1 2020-12.0%-10.5%+55.8%
Q4 2019-7.1%-4.2%+9.7%
Q3 2019-26.3%-39.1%-24.3%
Q2 2019-21.3%-20.9%-18.3%
Q1 2019-1.6%-11.4%-22.7%
Q4 2018+5.8%+5.3%-5.8%
Q3 2018+5.5%-1.8%-47.2%
Q2 2018-9.8%-12.4%-12.4%
Q1 2018-10.8%-12.5%-11.1%
Q4 2017+46.2%+43.9%-5.3%
Q3 2017-11.3%-18.5%-44.4%
Q2 2017+0.0%-1.2%+21.5%
Q1 2017-11.7%-7.9%-10.7%
Q4 2016+16.1%+12.5%+2.0%
Q3 2016-3.6%+11.1%+20.2%
Q2 2016-1.7%+1.1%-3.4%
Q1 2016+7.3%
Q4 2015+0.7%
Q3 2015+2.4%
Q2 2015-9.7%
Q1 2015+4.6%
Q4 2014+0.3%
Q3 2014-0.8%
Q2 2014-7.8%
Q1 2014+0.0%
Q4 2013+11.4%
Q3 2013-25.2%
Q2 2013+3.0%
Q1 2013-9.4%
Q4 2012-4.0%
Q3 2012-3.4%
Q2 2012-0.9%
Q1 2011+2.9%
Q1 2012+0.6%
Q4 2011-1.9%
Q3 2011-6.8%
Q3 2010-6.8%
Q2 2011-10.6%
Q2 2010-10.6%
Q4 2010+2.4%
Q1 2010-6.7%

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