NASDAQ$FDMT

4D Molecular Therapeutics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported third quarter 2022 financial results and provided a business update.

4D Molecular Therapeutics reported third quarter 2022 financial results. The company's cash, cash equivalents and marketable securities were $239 million as of September 30, 2022, which is expected to fund operations into the first half of 2025. Total revenue for the quarter was $0.5 million and net loss was $25.7 million.

  • Interim clinical trial data from 4DMT’s Phase 1/2 clinical trial of 4D-710 for the treatment of cystic fibrosis lung disease was presented at North American Cystic Fibrosis Conference on November 3, 2022
  • Cash, cash equivalents and marketable securities sufficient to fund operations into the first half of 2025
  • Analyses of 11 total lung biopsies and brushings (Week 4) demonstrated widespread delivery and expression of the 4D-710 CFTRΔR transgene in all samples across all three patients’ lungs.
  • Levels of transgene expression were in a range that was predicted to be associated with clinical benefit.

Headline financials

Total Revenue

$500K

Previous: $1.37M-63.4%
EPS (adj)

-$0.79

Previous: -$0.82+3.7%
R&D expenses

$18.9M

Previous: $15.8M+19.6%
G&A expenses

$8.06M

Previous: $8.19M-1.6%
Capital Expenditures

-$10.4M

Previous: -$4.01M-160.2%
Free Cash Flow

-$36.1M

Previous: -$26.3M-37.6%
Net Income

-$25.7M

Previous: -$22.2M-15.5%
Operating Income

-$26.5M

Previous: -$22.7M-16.9%
Gross Profit

$500K

Previous: $1.37M-63.4%
Cash & Equivalents

$239M

Previous: $91M+162.7%
Total Assets

$280M

Previous: $241M+16.4%
Stock-Based Comp

$4.52M

Previous: $3.92M+15.2%

Revenue & EPS history

4DMT · Revenue · Quarterly

$500K

Q3 2022-63.4%vs Q3 2021
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Revenue by segment

4DMT · $500K total across 1 segment · Q3 2022

  • Collaboration & license rev.
    $500K-63.4%

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 Q3 2022

Historical avgQ3 2022

+1.0%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+8.5%

Avg return

30 days after

45%

9 / 20 earnings

Positive

+20.0%

Q3 2022

Best reaction

-10.4%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-0.7%-17.3%
Q4 2025+7.3%+7.2%+22.5%
Q3 2025+6.7%+6.1%+7.4%
Q1 2025+9.9%+4.7%+27.0%
Q4 2024-8.6%-8.6%-28.7%
Q3 2024+1.9%+5.7%-17.4%
Q2 2024+0.6%+1.6%+2.4%
Q1 2024-2.4%-2.2%-13.7%
Q4 2023+5.3%-3.0%+14.2%
Q3 2023+1.8%+2.2%+37.7%
Q2 2023-1.6%-1.1%-7.4%
Q1 2023-2.5%+2.8%+26.8%
Q4 2022-0.7%-5.4%-12.5%
Q3 2022+20.0%+66.3%+188.5%
Q2 2022-10.4%-12.5%-14.9%
Q1 2022-3.1%-12.9%-31.5%
Q4 2021+8.1%+1.6%-22.5%
Q3 2021-0.7%-3.8%-12.1%
Q2 2021-4.0%+5.2%+19.4%
Q1 2021-3.9%-3.4%+2.6%
Q2 2020
Q4 2019
Q3 2019
Q2 2019
Q4 2018
Q3 2018
Q2 2018

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