NASDAQ$CRSP

CRISPR Therapeutics AG · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

CRISPR Therapeutics reported financial results for Q4 2022, marking progress in gene-edited therapies.

CRISPR Therapeutics reported its Q4 and full year 2022 financial results, highlighting the completion of regulatory submissions for exa-cel in Europe and ongoing clinical trials for CTX110 and CTX130. The company is also advancing its regenerative medicine and in vivo programs. While collaboration revenue was not material for the quarter, R&D expenses were $103.6 million. The company's cash position remains strong at $1,868.4 million.

  • Regulatory submissions for exagamglogene autotemcel (exa-cel) completed in Europe for transfusion-dependent beta thalassemia (TDT) and sickle cell disease (SCD).
  • U.S. rolling Biologics Licensing Application (BLA) submission on track for completion by end of Q1 2023.
  • Enrollment and dosing ongoing for CTX110 and CTX130, targeting CD19+ B-cell malignancies and CD70 for the treatment of T cell lymphomas, respectively.
  • Initiating Phase 1/2 clinical trials for next generation CAR T products, CTX112 and CTX131, targeting CD19+ B-cell malignancies and CD70+ solid tumors, respectively.

Headline financials

Total Revenue

$6K

Previous: $12.9M-100.0%
EPS (adj)

-$1.41

Previous: -$1.84+23.4%
Capital Expenditures

$6.19M

Previous: $9.18M-32.6%
Free Cash Flow

-$120M

Previous: -$95.2M-25.5%
Net Income

-$111M

Previous: -$141M+21.7%
Operating Income

-$132M

Previous: -$146M+9.7%
Gross Profit

-$6.82M

Previous: -$123M+94.4%
Cash & Equivalents

$212M

Previous: $923M-77.0%
Total Assets

$2.24B

Previous: $2.75B-18.5%
Stock-Based Comp

$22.8M

Previous: $25.8M-11.5%

Revenue & EPS history

CRISPR Therapeutics · Revenue · Quarterly

$6K

Q4 2022-100%vs Q4 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

CRISPR Therapeutics · $762K total across 1 segment · Q1 2022

  • Grant Revenue
    $762K+126.1%

Forward guidance

CRISPR Therapeutics expects to continue expanding its portfolio of transformative medicines and improving its editing and delivery platform throughout 2023. The company anticipates initiating clinical trials for CTX112 and CTX131 in the first half of 2023 and advancing its lead in vivo program, CTX310, into clinical trials this year.

Tailwinds

  • Advancing lead in vivo program, CTX310, into clinical trials this year.
  • Initiating clinical trials for CTX112 in the first half of 2023.
  • Initiating clinical trials for CTX131 this year.
  • Advancing additional programs directed towards cardiovascular risk reduction into the clinic in the next 12-18 months.
  • Completing the U.S. rolling Biologics Licensing Application (BLA) submission by the end of Q1 2023.

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 2022

Historical avgQ4 2022

+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

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