NASDAQ$FATE

Fate Therapeutics Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Fate Therapeutics reported third quarter 2020 financial results and highlighted operational progress.

Fate Therapeutics reported revenue of $7.6 million for the third quarter of 2020, derived from collaborations with Janssen and Ono Pharmaceutical. The company's cash, cash equivalents, and investments totaled $502.0 million as of September 30, 2020.

  • First patients treated with dual-antigen targeting regimen of FT596 in combination with Rituximab for B-cell Lymphoma.
  • FT596 Phase 1 Study Expanded to Include Chronic Lymphocytic Leukemia.
  • First Patient Treated with FT516 in Combination with Avelumab for Advanced Solid Tumors.
  • Enrollment Initiated with FT538, the First CRISPR-edited, iPSC-derived Cell Therapy, for Acute Myeloid Leukemia and Multiple Myeloma.

Headline financials

Total Revenue

$7.56M

Previous: $2.43M+211.2%
EPS (adj)

-$0.68

Previous: -$0.40-70.0%
Shares Outstanding

87.0M

No prior period
Preferred Shares

2.8M

No prior period
Capital Expenditures

-$2.66M

Previous: -$4.81M+44.6%
Free Cash Flow

-$61.3M

Previous: -$31.4M-95.3%
Net Income

-$58.7M

Previous: -$26.6M-120.5%
Operating Income

-$31.5M

Previous: -$27.1M-16.1%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$349M

Previous: $250M+39.9%
Total Assets

$626M

Previous: $340M+84.1%

Revenue & EPS history

Fate Therapeutics · Revenue · Quarterly

$7.56M

Q3 2020+211.2%vs Q3 2019
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Fate Therapeutics · $7.6M total across 1 segment · Q3 2020

  • Collaboration Revenue
    $7.6M

Forward guidance

Fate Therapeutics plans to initiate a multi-center Phase 1 clinical trial of FT819 in the fourth quarter of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.8%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

44%

20 / 45 earnings

Positive

+19.0%

Q2 2016

Best reaction

-15.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.9%-22.8%-8.5%
Q4 2025+6.1%-7.4%-20.9%
Q3 2025-2.1%+6.1%+16.2%
Q1 2025-3.7%+22.0%+27.0%
Q4 2024-1.6%+2.2%+20.7%
Q3 2024-15.2%-21.1%-24.6%
Q2 2024-1.8%+2.1%+12.3%
Q1 2024+10.3%+14.1%-0.5%
Q4 2023+7.2%+11.2%+5.5%
Q3 2023-7.8%-13.9%-3.0%
Q2 2023-4.2%-13.0%-30.4%
Q1 2023+4.2%-7.9%-11.3%
Q4 2022+1.3%+1.7%-11.8%
Q3 2022-1.0%-2.1%+4.3%
Q2 2022+6.3%+11.5%-12.8%
Q1 2022-5.5%-22.3%-17.8%
Q4 2021-1.5%-7.0%+14.1%
Q3 2021+1.7%+1.1%-20.5%
Q2 2021+14.8%+15.0%-12.3%
Q1 2021-4.0%-5.0%-8.7%
Q4 2020-9.6%+1.2%-24.4%
Q3 2020-3.1%+5.6%+22.0%
Q2 2020+2.5%+10.4%-4.6%
Q1 2020-0.3%-1.4%+14.4%
Q4 2019-3.3%+0.9%-30.8%
Q3 2019-12.5%-4.6%-11.3%
Q2 2019-3.8%-2.9%-6.0%
Q1 2019-7.8%-2.6%-1.1%
Q4 2018-3.1%-0.1%+12.0%
Q3 2018+18.4%+16.5%+23.3%
Q2 2018+15.6%+17.6%+28.6%
Q1 2018-14.0%-10.4%+8.7%
Q4 2017-1.6%-0.8%-20.8%
Q3 2017-1.0%+4.0%-8.0%
Q2 2017+6.7%-3.4%+44.6%
Q1 2017+1.2%-1.0%-24.7%
Q4 2016+5.5%-3.4%-10.4%
Q3 2016+10.8%+50.3%+53.3%
Q2 2016+19.0%+21.3%+20.9%
Q1 2016+0.6%
Q4 2015+15.9%
Q2 2015-5.1%
Q1 2015-0.3%
Q4 2014+3.9%
Q3 2013+1.9%
Q1 2013
Q4 2012
Q3 2012

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