NASDAQ$CYTK

Cytokinetics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2022.

Cytokinetics reported a net loss of $89.4 million, or $1.05 per share, for the first quarter of 2022. Cash, cash equivalents and investments totaled $686.1 million at March 31, 2022.

  • NDA for omecamtiv mecarbil was accepted and filed with FDA.
  • SEQUOIA-HCM and Cohort 4 of REDWOOD-HCM opened to enrollment.
  • Positive data from Cohort 3 of REDWOOD-HCM demonstrated a substantial treatment effect with aficamten in patients taking disopyramide.
  • Data from GALACTIC-HF reinforced its safety, ease of initiation in the hospital setting and potential to reduce costs associated with fewer hospitalizations.

Headline financials

Total Revenue

$1.15M

Previous: $6.55M-82.5%
EPS (adj)

-$1.02

Previous: -$0.66-54.5%
Capital Expenditures

-$942K

Previous: -$6.63M+85.8%
Free Cash Flow

-$90.4M

Previous: -$53.7M-68.2%
Net Income

-$89.4M

Previous: -$47.1M-89.9%
Operating Income

-$77.9M

Previous: -$40.6M-91.7%
Gross Profit

-$44.8M

No prior period
Cash & Equivalents

$115M

Previous: $44.6M+158.8%
Total Assets

$856M

Previous: $577M+48.4%
Stock-Based Comp

$8.99M

No prior period

Revenue & EPS history

Cytokinetics · Revenue · Quarterly

$1.15M

Q1 2022-82.5%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The press release contains forward-looking statements that are based on management's current expectations, but actual results may differ materially due to various risks and uncertainties.

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 Q1 2022

Historical avgQ1 2022

+0.4%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+21.4%

Q4 2014

Best reaction

-17.7%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+16.8%+16.5%+9.5%
Q4 2025-10.3%-12.4%-10.8%
Q3 2025+1.9%+12.4%+10.9%
Q1 2025-2.8%-5.4%-4.9%
Q4 2024-3.1%-7.5%-9.0%
Q3 2024+6.3%+11.6%-3.0%
Q2 2024+8.9%+9.5%+5.6%
Q1 2024-1.9%-11.3%-19.1%
Q4 2023-7.5%-6.4%-11.3%
Q3 2023+3.5%+2.1%-4.4%
Q2 2023+6.8%+2.8%+15.8%
Q1 2023+0.3%-1.3%-1.8%
Q4 2022-8.7%-9.8%-18.8%
Q3 2022-9.8%-8.6%-3.3%
Q2 2022+21.0%+22.5%+26.2%
Q1 2022+0.9%-12.6%+7.2%
Q4 2021+11.7%+14.7%+16.3%
Q3 2021+12.4%+18.2%+2.4%
Q2 2021+7.8%+8.2%+10.0%
Q1 2021+2.8%+0.8%-13.4%
Q4 2020-9.7%-6.4%+15.0%
Q3 2020+5.1%+0.8%+2.4%
Q2 2020-2.8%-4.7%+2.2%
Q1 2020-4.2%+27.8%+23.3%
Q4 2019+4.4%+1.1%-15.4%
Q3 2019-5.5%-6.5%-18.3%
Q2 2019+1.1%-2.0%+5.5%
Q1 2019+12.6%+16.7%+10.4%
Q4 2018-0.8%-2.7%+19.2%
Q3 2018+10.6%+5.7%+17.5%
Q2 2018-5.7%-7.0%-9.5%
Q1 2018+19.3%+14.5%+21.4%
Q4 2017-10.8%-13.9%-2.8%
Q3 2017+6.7%+2.2%-43.1%
Q2 2017-5.6%-11.2%+3.1%
Q1 2017-3.0%-7.7%-16.6%
Q4 2016-1.7%-9.2%+8.3%
Q3 2016+9.3%+6.6%+39.7%
Q2 2016+7.3%+12.8%+18.1%
Q1 2016+3.3%
Q4 2015-3.3%
Q3 2015+13.3%
Q2 2015-17.7%
Q1 2015-15.7%
Q4 2014+21.4%
Q3 2014-1.0%
Q2 2014-1.2%
Q1 2014-9.5%
Q4 2013+0.5%
Q3 2013+0.0%
Q2 2013-7.2%
Q1 2013-1.6%
Q4 2012-1.0%
Q3 2012-1.6%
Q2 2012+6.3%
Q1 2012-4.0%
Q4 2009+0.8%
Q4 2011+0.8%
Q3 2011+3.5%
Q2 2011-14.0%
Q4 2010-14.0%
Q1 2011+2.9%
Q3 2010-4.0%
Q2 2010-14.3%
Q1 2010+0.7%

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