NASDAQ$CRSP

CRISPR Therapeutics AG · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

CRISPR Therapeutics reported financial results for Q4 2021, highlighting progress in clinical programs and collaborations.

CRISPR Therapeutics reported a net loss of $141.2 million for the fourth quarter of 2021, compared to a net loss of $107.0 million for the fourth quarter of 2020. The company's cash, cash equivalents, and marketable securities totaled $2,379.1 million as of December 31, 2021. Total collaboration revenue was $12.3 million for the fourth quarter of 2021 compared to $0.2 million for the fourth quarter of 2020.

  • More than 70 patients have been dosed with CTX001 across CLIMB-Thal-111 and CLIMB-SCD-121, with enrollment complete and regulatory submissions planned for late 2022.
  • Initiated and began dosing patients in the pivotal trial of CTX110, targeting CD19+ B-cell malignancies, with additional data expected in 2022.
  • Top-line data expected in 1H2022 for ongoing CTX120 and CTX130 clinical trials.
  • First patient dosed in Phase 1 clinical trial of VCTX210 for the treatment of type 1 diabetes (T1D).

Headline financials

Total Revenue

$12.9M

Previous: $370K+3386.2%
EPS (adj)

-$1.84

Previous: -$1.50-22.7%
Capital Expenditures

$9.18M

Previous: $6.24M+47.2%
Free Cash Flow

-$95.2M

Previous: -$87.5M-8.9%
Net Income

-$141M

Previous: -$107M-32.0%
Operating Income

-$146M

Previous: -$108M-35.2%
Gross Profit

-$123M

Previous: -$82.2M-49.2%
Cash & Equivalents

$923M

Previous: $1.17B-21.0%
Total Assets

$2.75B

Previous: $1.83B+50.5%
Stock-Based Comp

$25.8M

Previous: $18.9M+36.1%

Revenue & EPS history

CRISPR Therapeutics · Revenue · Quarterly

$12.9M

Q4 2021+3,386.2%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

CRISPR Therapeutics · $551K total across 1 segment · Q4 2021

  • Grant Revenue
    $551K+213.1%

Forward guidance

CRISPR Therapeutics anticipates continued progress across its portfolio in 2022, expecting a productive year as it enters a new phase of growth.

Tailwinds

  • Planned regulatory submissions for CTX001 in late 2022.
  • Additional data expected to be reported in 2022 for CTX110 pivotal trial.
  • Top-line data expected in the first half of 2022 for CTX120 and CTX130 clinical trials.
  • Advancement of in vivo programs with multiple programs expected to move into the clinic in the next 18 to 24 months.
  • Strong capital position to advance pipeline and platform.

Headwinds

  • Uncertainties inherent in the initiation and completion of preclinical studies.
  • Uncertainties about regulatory approvals to conduct trials or to market products.
  • Potential impacts due to the coronavirus pandemic.
  • Uncertainties regarding the intellectual property protection.
  • Future competitive or other market factors may adversely affect the commercial potential for CRISPR Therapeutics’ product candidates.

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

+2.1%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+1.4%

Avg return

30 days after

48%

19 / 40 earnings

Positive

+22.8%

Q3 2019

Best reaction

-7.7%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%+2.4%+6.3%
Q4 2025+1.2%+10.0%+0.9%
Q3 2025-1.0%-4.7%+4.5%
Q1 2025-0.1%-3.2%+7.2%
Q4 2024-2.8%-8.3%-18.2%
Q3 2024+0.3%+2.0%-2.1%
Q2 2024-3.5%-8.0%-11.9%
Q1 2024-3.6%+0.2%+4.2%
Q4 2023+9.5%+9.3%-9.0%
Q3 2023+14.9%+4.3%+39.5%
Q2 2023+4.1%-2.6%+0.3%
Q1 2023+13.7%+14.5%+12.5%
Q4 2022-1.0%-5.6%-15.2%
Q3 2022+4.5%-2.2%+3.8%
Q2 2022-7.7%-3.4%-20.1%
Q1 2022-1.5%+8.8%+53.8%
Q4 2021+5.7%-0.5%+15.1%
Q3 2021-3.0%-1.8%-26.9%
Q2 2021+1.1%+1.4%+3.4%
Q1 2021-0.1%-3.3%-12.8%
Q4 2020-6.8%-7.5%-23.3%
Q3 2020-1.8%-12.2%+23.9%
Q2 2020-4.4%-5.4%-1.6%
Q1 2020-5.5%-11.9%+13.3%
Q4 2019+2.0%-2.1%-34.0%
Q3 2019+22.8%+27.7%+70.9%
Q2 2019-2.3%-3.9%-11.2%
Q1 2019-2.0%-1.1%-10.1%
Q4 2018+14.3%+26.2%+8.0%
Q3 2018+7.5%+3.2%+0.0%
Q2 2018-2.7%-2.7%+3.0%
Q1 2018-0.4%+2.0%+29.6%
Q4 2017+10.2%+9.7%-16.0%
Q3 2017-6.5%-2.1%+4.1%
Q2 2016+9.4%+10.1%+6.7%
Q2 2017+9.4%+10.1%+6.7%
Q1 2016-0.1%-2.9%-14.2%
Q1 2017+4.3%-4.2%-17.9%
Q4 2016+11.1%+13.3%-12.4%
Q3 2016-7.0%-1.9%-3.3%
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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