NASDAQ$FULC

Fulcrum Therapeutics Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Fulcrum Therapeutics reported its Q4 and full year 2019 financial results and provided a business update.

Fulcrum Therapeutics reported a net loss of $16.1 million for the fourth quarter of 2019, compared to a net loss of $8.9 million for the fourth quarter of 2018. As of December 31, 2019, cash and cash equivalents were $96.7 million.

  • Observed dose-dependent target engagement in skeletal muscle with losmapimod in Phase 1.
  • Completed patient enrollment in ReDUX4 Phase 2b trial of losmapimod.
  • Plan to submit an investigational new drug application (IND) to the U.S. Food and Drug Administration for FTX-6058 in the second half of 2020.
  • Cash and cash equivalents were $96.7 million as of December 31, 2019.

Headline financials

EPS (adj)

-$0.71

Previous: -$1.58+55.0%
R&D Expenses

$12.1M

Previous: $6.86M+76.2%
G&A Expenses

$4.4M

Previous: $2.39M+84.1%
Net Income

-$16.1M

Previous: -$36.8M+56.2%
Operating Income

-$16.5M

Previous: -$37.2M+55.7%
Cash & Equivalents

$96.7M

No prior period
Total Assets

$110M

No prior period

Revenue & EPS history

Fulcrum Therapeutics · Revenue · Quarterly

$2M

Q4 2025
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

The Company expects that its existing cash and cash equivalents 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 Q4 2019

Historical avgQ4 2019

+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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