NASDAQ$CYPH

Cypherpunk Technologies Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Leap Therapeutics reported financial results for the second quarter of 2021 and provided upcoming company milestones.

Leap Therapeutics reported a net loss of $9.5 million for the second quarter of 2021. The company made significant clinical progress in the DisTinGuish study of DKN-01 in combination with BeiGene’s tislelizumab, completing enrollment in the first-line patient cohort.

  • Completed enrollment in the first-line patient cohort of the DisTinGuish study of DKN-01 plus tislelizumab and chemotherapy in gastric cancer.
  • Initial data from the DisTinGuish study of DKN-01 plus tislelizumab and chemotherapy to be presented at the European Society for Medical Oncology (ESMO) Congress 2021.
  • Net loss was $9.5 million for the second quarter 2021, compared to $6.5 million for the same period in 2020.
  • Cash and cash equivalents totaled $35.7 million at June 30, 2021.

Headline financials

Total Revenue

$375K

Previous: $375K+0.0%
EPS (adj)

-$1.20

Previous: -$1.20+0.0%
R&D Expenses

$7.2M

No prior period
G&A Expenses

$2.8M

No prior period
Free Cash Flow

-$9.53M

Previous: -$6.62M-44.0%
Net Income

-$9.53M

Previous: -$6.52M-46.2%
Operating Income

-$9.63M

Previous: -$7.5M-28.4%
Gross Profit

$375K

Previous: $375K+0.0%
Cash & Equivalents

$35.7M

Previous: $64.9M-45.0%
Total Assets

$37.9M

Previous: $67.7M-43.9%
Stock-Based Comp

$912K

Previous: $617K+47.8%

Revenue & EPS history

Leap Therapeutics · Revenue · Quarterly

$375K

Q2 2021+0%vs Q2 2020
Beat estimate in 5 of 8 quarters(63%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements regarding the development and advancement of DKN-01, including the initiation, timing and design of future studies, enrollment in future studies, potential for the receipt of future option exercise, milestone, or royalty payments from BeiGene, and other future expectations, plans and prospects.

Tailwinds

  • Expectations with respect to the development and advancement of DKN-01
  • Initiation of future studies
  • Timing and design of future studies
  • Enrollment in future studies
  • Potential for the receipt of future option exercise, milestone, or royalty payments from BeiGene

Headwinds

  • Initiation, conduct, and completion of clinical trials, laboratory operations, manufacturing campaigns, and other studies may be delayed, adversely affected, or impacted by COVID-19 related issues
  • Accuracy of estimates regarding expenses, future revenues, capital requirements and needs for financing
  • Outcome, cost, and timing of product development activities and clinical trials
  • Uncertain clinical development process, including the risk that clinical trials may not have an effective design or generate positive results
  • Ability to obtain and maintain regulatory approval of drug 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 Q2 2021

Historical avgQ2 2021

+11.8%

Avg return

Earnings day

+13.6%

Avg return

5 days after

+11.4%

Avg return

30 days after

50%

17 / 34 earnings

Positive

+389.9%

Q3 2025

Best reaction

-44.0%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025+389.9%+454.8%+228.8%
Q2 2025-28.3%-15.6%-11.8%
Q1 2025-2.5%-12.4%-0.5%
Q4 2024+16.9%-21.4%+3.1%
Q3 2024-11.1%-14.5%-9.2%
Q1 2024-1.1%-5.4%-22.1%
Q4 2023-0.5%+14.0%+35.7%
Q3 2023+13.0%+32.6%+128.3%
Q2 2023+7.6%-8.9%-28.4%
Q1 2023+17.1%+44.4%+44.4%
Q4 2022-12.1%-0.9%+11.5%
Q3 2022+12.0%-3.2%-17.7%
Q2 2022+10.0%-0.8%+30.0%
Q1 2022+34.6%+25.4%+10.0%
Q4 2021-8.6%+2.3%+0.0%
Q3 2021+0.4%+0.8%+2.9%
Q2 2021+0.6%+3.6%-12.0%
Q1 2021+9.5%+8.8%+21.6%
Q4 2020+7.9%+6.1%-21.1%
Q3 2020+0.6%-3.1%+21.4%
Q2 2020-3.1%+0.3%-5.6%
Q1 2020+0.0%+0.4%+3.1%
Q4 2019-4.1%-14.2%+20.3%
Q3 2019-44.0%-33.7%-29.7%
Q2 2019-8.9%-10.2%+2.5%
Q1 2019-1.6%-6.5%-0.6%
Q4 2018+10.7%+4.3%-9.1%
Q3 2018-8.8%-17.1%-26.8%
Q2 2018+2.1%+6.1%+8.7%
Q4 2017-1.4%+1.2%+30.8%
Q3 2017-2.1%+16.9%+9.2%
Q2 2017-5.6%+2.0%-6.2%
Q1 2017+8.6%+10.4%-8.9%
Q4 2016+4.0%-4.7%-16.2%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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