NASDAQ$FULC

Fulcrum Therapeutics Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Fulcrum Therapeutics reported financial results for the first quarter of 2020.

Fulcrum Therapeutics reported a net loss of $18.5 million for the first quarter of 2020, compared to a net loss of $36.8 million for the first quarter of 2019. As of March 31, 2020, cash, cash equivalents, and marketable securities were $81.2 million.

  • Amended ReDUX4, a Phase 2b trial of losmapimod, to accommodate COVID-19 impact; extended the trial from 24 to 48 weeks, adding a 36-week biopsy for those subjects unable to undergo their 16-week biopsy, and included an interim analysis on patients who completed their 16-week biopsy as planned in the original protocol.
  • ReDUX4 enrollment completed.
  • ReDUX4 open label extension initiated.
  • Data from interim analysis expected in the third quarter of 2020.

Headline financials

Total Revenue

$750K

No prior period
EPS (adj)

-$0.81

No prior period
Capital Expenditures

-$567K

No prior period
Free Cash Flow

-$19M

No prior period
Net Income

-$18.5M

No prior period
Operating Income

-$18.8M

No prior period
Cash & Equivalents

$81.2M

No prior period
Total Assets

$94.9M

No prior period

Revenue & EPS history

Fulcrum Therapeutics · Revenue · Quarterly

$750K

Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Based on its current plans, the Company expects that its existing cash, cash equivalents, and marketable securities will be sufficient to enable it to fund its operating expenses and capital expenditure requirements into the third quarter of 2021.

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 2020

Historical avgQ1 2020

+5.2%

Avg return

Earnings day

+6.3%

Avg return

5 days after

+12.3%

Avg return

30 days after

62%

16 / 26 earnings

Positive

+142.5%

Q2 2021

Best reaction

-54.6%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-21.1%-23.0%-36.3%
Q3 2025-6.6%-9.8%+9.4%
Q1 2025+13.8%+39.0%+78.6%
Q4 2024+0.0%-3.0%-16.5%
Q3 2024-8.8%-16.8%+8.8%
Q2 2024+7.1%+0.6%+1.7%
Q1 2024+5.9%+1.1%+3.2%
Q4 2023+6.1%+12.9%-3.0%
Q3 2023+16.2%-2.5%+38.2%
Q2 2023+3.4%+5.5%+49.7%
Q1 2023+16.2%-0.6%-7.6%
Q4 2022-28.0%-36.6%-62.0%
Q3 2022+23.9%+27.3%+9.4%
Q2 2022+8.4%-6.2%+7.1%
Q1 2022-12.5%-4.1%-3.8%
Q4 2021+17.4%+37.8%+113.9%
Q3 2021-2.3%-4.9%-31.5%
Q2 2021+142.5%+175.3%+233.9%
Q1 2021+4.1%+3.7%-13.2%
Q4 2020-17.7%-17.4%-17.8%
Q3 2020+8.6%+16.9%+22.3%
Q2 2020-54.6%-55.5%-54.7%
Q1 2020+7.9%+18.9%+16.5%
Q4 2019-2.2%-27.8%-49.4%
Q3 2019+1.3%+27.7%+48.9%
Q2 2019+7.2%+6.1%-25.5%
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017

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