NASDAQ$CYPH

Cypherpunk Technologies Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

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

Leap Therapeutics reported its Q4 and full year 2020 financial results, highlighting a transformative year marked by a strategic alliance with BeiGene and the advancement of the DKN-01 development program.

  • License revenues were $0.4 million for the fourth quarter 2020.
  • Research and development expenses were $5.1 million for the fourth quarter of 2020, compared to $5.7 million for the same period in 2019.
  • General and administrative expenses were $2.4 million for the full year 2020 compared to $2.6 million for the same period in 2019.
  • Cash and cash equivalents totaled $52.1 million at December 31, 2020.

Headline financials

Total Revenue

$375K

No prior period
EPS (adj)

-$0.90

Previous: -$3.20+71.9%
Net Income

-$6.71M

Previous: -$8M+16.1%
Operating Income

-$7.15M

Previous: -$8.27M+13.5%
Gross Profit

$375K

No prior period
Cash & Equivalents

$52.1M

Previous: $3.9M+1235.9%
Total Assets

$54.4M

Previous: $7.45M+630.0%
Stock-Based Comp

$715K

Previous: $936K-23.6%

Revenue & EPS history

Leap Therapeutics · Revenue · Quarterly

$375K

Q4 2020
Beat estimate in 4 of 6 quarters(67%)
ActualEstimate

Forward guidance

Leap's expectations include 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 a future option exercise, milestones or royalty payments from BeiGene.

Tailwinds

  • Advancement of DKN-01 development program
  • Potential for future option exercise from BeiGene
  • Potential for milestones payments from BeiGene
  • Potential for royalty payments from BeiGene
  • Initiation of Phase 2a combination study with BeiGene’s tislelizumab in gastric cancer patients

Headwinds

  • Clinical trials may not have an effective design or generate positive results
  • Ability to obtain and maintain regulatory approval of drug product candidates is uncertain
  • COVID-19 related issues may delay clinical trials
  • Estimates regarding future revenues may be inaccurate
  • The uncertain clinical development process

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 2020

Historical avgQ4 2020

+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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