NASDAQ$FULC

Fulcrum Therapeutics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Fulcrum Therapeutics made progress in advancing lead programs and reported positive interim results from the Phase 1 trial of FTX-6058.

Fulcrum Therapeutics reported financial results for the third quarter of 2021, highlighting progress in lead programs for FSHD and sickle cell disease and the potential of FTX-6058 as a functional cure for sickle cell disease. The company raised $144.2 million in gross proceeds extending cash runway into 2024.

  • On-track to initiate enrollment by year-end in Phase 1b clinical trial of FTX-6058 in people with sickle cell disease
  • Losmapimod update planned for Q1 2022
  • Raised $144.2 million in gross proceeds from August 2021 public offering, extending cash runway into 2024
  • Reported compelling data from Phase 1 trial of FTX-6058

Headline financials

Total Revenue

$4.94M

Previous: $1.85M+167.0%
EPS (adj)

-$0.57

Previous: -$0.70+18.6%
Capital Expenditures

-$1.19M

Previous: -$870K-37.2%
Free Cash Flow

-$21.9M

Previous: -$19.8M-10.5%
Net Income

-$20.7M

Previous: -$19M-9.3%
Operating Income

-$20.8M

Previous: -$19.1M-8.7%
Gross Profit

-$12.1M

No prior period
Cash & Equivalents

$240M

Previous: $127M+89.2%
Total Assets

$256M

No prior period
Stock-Based Comp

$2.66M

No prior period

Revenue & EPS history

Fulcrum Therapeutics · Revenue · Quarterly

$4.94M

Q3 2021+167%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Fulcrum 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 2024.

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 2021

Historical avgQ3 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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