NASDAQ$FULC

Fulcrum Therapeutics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter 2021 financial results and business highlights.

Fulcrum Therapeutics reported a net loss of $17.0 million for the first quarter of 2021, with collaboration revenues of $4.8 million. The company's cash, cash equivalents, and marketable securities were $143.9 million as of March 31, 2021, which is expected to fund operations into the fourth quarter of 2022.

  • On track to present data from Phase 2b ReDUX4 trial with losmapimod in FSHD at virtual FSHD International Research Congress in June 2021.
  • On track to report data from Phase 1 trial in healthy adult volunteers with FTX-6058 for sickle cell disease in mid-2021.
  • Advanced FulcrumSeek discovery efforts and strategic collaborations with Acceleron and MyoKardia.
  • Christopher Morabito, M.D. has been appointed Chief Medical Officer, effective May 10, 2021.

Headline financials

Total Revenue

$4.79M

Previous: $750K+538.5%
EPS (adj)

-$0.54

Previous: -$0.81+33.3%
Capital Expenditures

-$262K

Previous: -$567K+53.8%
Free Cash Flow

-$17.3M

Previous: -$19M+9.2%
Net Income

-$17M

Previous: -$18.5M+7.9%
Operating Income

-$17M

Previous: -$18.8M+9.3%
Cash & Equivalents

$144M

Previous: $81.2M+77.2%
Total Assets

$156M

Previous: $94.9M+65.0%

Revenue & EPS history

Fulcrum Therapeutics · Revenue · Quarterly

$4.79M

Q1 2021+538.5%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

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 fourth quarter of 2022.

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 2021

Historical avgQ1 2021

+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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