NASDAQ$DFTX

Definium Therapeutics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

MindMed reported financial results for Q1 2022 and provided business highlights.

MindMed reported its Q1 2022 financial results, highlighting progress in advancing clinical programs for lead drug candidates, strengthening the leadership team, and securing a cash runway through key clinical readouts in 2023 and into 2024.

  • Advanced clinical programs for three lead drug candidates.
  • Strengthened leadership team with the appointment of Francois Lilienthal, MD as Chief Commercial Officer.
  • Cash runway through key clinical readouts in 2023 and into 2024.
  • Initiated Study MMED008, a Phase 2b dose-optimization trial of MM-120 for the treatment of GAD.

Headline financials

Total Revenue

$36K

No prior period
EPS (adj)

-$0.60

No prior period
R&D expense

$10.2M

No prior period
G&A expense

$8.26M

No prior period
Free Cash Flow

-$18.5M

No prior period
Net Income

-$18.5M

No prior period
Operating Income

-$18.5M

No prior period
Gross Profit

$36K

No prior period
Cash & Equivalents

$120M

No prior period
Total Assets

$149M

No prior period

Revenue & EPS history

MindMed · Revenue · Quarterly

$36K

Q1 2022
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

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

+0.8%

Avg return

Earnings day

+2.9%

Avg return

5 days after

+3.0%

Avg return

30 days after

44%

14 / 32 earnings

Positive

+25.8%

Q3 2024

Best reaction

-25.0%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.9%+2.7%+3.4%
Q3 2025+3.2%+7.1%+8.9%
Q2 2025-7.3%+8.8%-2.3%
Q1 2025+4.4%+6.5%+26.2%
Q4 2024+3.6%-0.7%-14.9%
Q3 2024+25.8%+21.3%+10.2%
Q1 2024-4.5%-11.5%-24.1%
Q4 2023+2.9%+12.2%+69.1%
Q3 2023+24.1%+13.3%+41.4%
Q2 2023-5.2%-5.4%-10.5%
Q1 2023-7.6%-10.8%-6.4%
Q4 2022-9.9%-8.1%-12.3%
Q3 2022+19.9%+18.7%+9.5%
Q2 2022+11.3%+4.3%-15.0%
Q1 2022-0.8%-1.2%-2.3%
Q4 2021+0.0%-9.3%-30.9%
Q4 2020-7.0%-7.7%-5.8%
Q3 2020+8.2%+13.3%+28.8%
Q2 2020+14.9%+5.7%-9.2%
Q1 2020+4.5%-5.2%+2.0%
Q3 2019-13.7%-13.7%+29.4%
Q2 2019+0.0%+33.3%+11.1%
Q1 2019-25.0%+38.3%-1.7%
Q4 2018-1.9%-3.7%+11.1%
Q3 2018-4.2%+4.2%-12.5%
Q2 2018-0.9%-6.0%-39.6%
Q1 2018-8.4%-9.8%-15.8%
Q4 2017-4.4%+0.0%+2.4%
Q3 2017+1.6%+9.6%-2.7%
Q2 2017-1.9%-7.5%-0.4%
Q1 2016+1.5%-6.4%-10.1%
Q4 2016+0.0%+0.0%+58.2%

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