NASDAQ$CRIS

Curis Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2020.

Curis, Inc. reported a net loss of $7.5 million, or $0.11 per share, for Q4 2020. Revenues for the quarter were $3.0 million. The company's cash, cash equivalents, and investments totaled $183.1 million as of December 31, 2020, expected to fund operations into 2024.

  • Significantly expanded IRAK4 inhibitor CA-4948 development, including new clinical trials and a CRADA with the NCI.
  • Presented CA-4948 Phase 1 data showing broad clinical activity in patients with R/R AML/MDS and R/R NHL.
  • Raised $169.6M in a December 2020 public offering, extending cash runway into 2024.
  • Multiple data readouts expected in 2021 from CA-4948 and anti-VISTA antibody CI-8993 clinical trials.

Headline financials

Total Revenue

$3.02M

Previous: $3.29M-8.0%
EPS (adj)

-$2.20

Previous: -$5.20+57.7%
Research and Development Expenses

$5.61M

Previous: $7.5M-25.2%
General and Administrative Expenses

$3.54M

Previous: $3M+18.0%
Capital Expenditures

$20K

No prior period
Free Cash Flow

-$5.74M

Previous: -$5.6M-2.4%
Net Income

-$7.52M

Previous: -$8.61M+12.7%
Operating Income

-$6.28M

Previous: -$7.33M+14.4%
Gross Profit

$2.87M

Previous: $3.13M-8.1%
Cash & Equivalents

$183M

Previous: $20.5M+791.1%
Total Assets

$204M

Previous: $35.1M+482.1%
Stock-Based Comp

$865K

Previous: $692K+25.0%

Revenue & EPS history

Curis · Revenue · Quarterly

$3.02M

Q4 2020-8%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Curis · $3.04M total across 1 segment · Q4 2020

  • Royalties
    $3.04M-5.9%

Forward guidance

Curis anticipates several milestones in 2021, including reporting additional clinical data from ongoing trials and announcing initial safety and efficacy data from combination studies.

Tailwinds

  • Report additional clinical data from the Phase 1 study of CA-4948 in patients with AML and high-risk MDS in mid-year 2021.
  • Report additional clinical biomarker data gathered in the Phase 1 study of CA-4948 in patients with R/R NHL in mid-year 2021.
  • Announce initial safety and efficacy data from the ongoing Phase 1 study of CA-4948 in combination with ibrutinib in patients with R/R NHL in the second half of 2021.
  • Report initial safety and efficacy data from the ongoing Phase 1a/1b dose-escalation study of CI-8993 for the treatment of R/R solid tumors in the second half of 2021.

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 Q4 2020

Historical avgQ4 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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