NASDAQ$GYRE

Gyre Therapeutics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Catalyst Biosciences reported first quarter results, regained rights to CB 2782-PEG, and implemented personnel and cost reductions.

Catalyst Biosciences reported a net loss of $14.5 million for the first quarter ended March 31, 2022. The company regained the rights to CB 2782-PEG and decreased headcount by over 70% as part of cost reduction efforts.

  • Regained rights to CB 2782-PEG for dry AMD treatment.
  • Received Rare Pediatric Disease Designation for CB 4332 for CFI Deficiency.
  • Cash and cash equivalents were $34.8 million as of March 31, 2022.
  • Net loss attributable to common stockholders was $14.5 million, or ($0.46) per share.

Headline financials

Total Revenue

$794K

Previous: $1.47M-45.9%
EPS (adj)

-$0.46

No prior period
Free Cash Flow

-$14.5M

Previous: -$22.5M+35.3%
Net Income

-$14.5M

Previous: -$22.4M+35.2%
Operating Income

-$14.7M

Previous: -$22.4M+34.5%
Gross Profit

$0.00

No prior period
Cash & Equivalents

$34.8M

No prior period
Total Assets

$40.3M

No prior period
Stock-Based Comp

$515K

No prior period

Revenue & EPS history

Gyre Therapeutics · Revenue · Quarterly

$794K

Q1 2022-45.9%vs Q1 2021
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Revenue by segment

Gyre Therapeutics · $2.3M total across 1 segment · Q3 2021

  • License & Collaboration
    $2.3M

Forward guidance

This press release contains forward-looking statements that involve substantial risks and uncertainties.

Tailwinds

  • Potential markets for CB 2782-PEG
  • Potential markets for CB 4332
  • Plans to explore strategic alternatives
  • Potential to obtain a priority review voucher for CB 4332

Headwinds

  • Risk that CB 2782-PEG are not yet in human clinical trials and will require additional clinical testing, including multiple clinical trials, before being approved
  • Risk that CB 4332 are not yet in human clinical trials and will require additional clinical testing, including multiple clinical trials, before being approved
  • Risk that the Company’s complement degraders are not yet in human clinical trials and will require additional clinical testing, including multiple clinical trials, before being approved
  • Effort to identify strategic alternatives will not be successful
  • Other risks described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2022, the Quarterly Report on Form 10-Q filed with the SEC on May 9, 2022, and in other filings filed from time to time with the SEC.

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 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+8.5%

Avg return

30 days after

49%

23 / 47 earnings

Positive

+11.6%

Q3 2018

Best reaction

-43.2%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.8%+2.8%-11.2%
Q4 2025+2.0%-10.2%-5.4%
Q3 2025-1.6%+13.6%+8.7%
Q1 2025+0.5%+9.6%-11.3%
Q3 2024-13.6%-21.2%-39.8%
Q2 2024-6.5%+2.1%+28.7%
Q1 2024-5.5%+0.5%-29.3%
Q4 2023+8.3%+8.0%+0.9%
Q3 2023+0.0%-15.3%+144.2%
Q2 2023+8.8%+58.8%+50.0%
Q1 2023+5.0%+5.0%+5.0%
Q4 2022+5.0%+5.0%+5.0%
Q3 2022-1.8%+0.0%-12.5%
Q2 2022-1.6%+3.6%+2.1%
Q1 2022-24.5%-26.5%+173.5%
Q4 2021+0.0%-3.0%-27.3%
Q3 2021-43.2%-51.0%-62.9%
Q2 2021+7.4%+3.7%+10.3%
Q1 2021-2.4%-5.4%-9.5%
Q3 2020+4.5%+7.4%+11.3%
Q2 2020-0.6%-2.0%-13.5%
Q1 2020+7.2%-2.7%+21.9%
Q3 2019-3.1%-6.1%-8.7%
Q2 2019+6.7%-3.2%-22.1%
Q1 2019-5.3%+2.7%-9.2%
Q3 2018+11.6%+24.7%+20.0%
Q2 2018+6.6%+6.6%+11.9%
Q2 2015
Q1 2015
Q4 2014+2.3%
Q3 2014+1.2%
Q2 2014-0.4%
Q1 2014+3.7%
Q4 2013-0.8%
Q3 2013-5.4%
Q2 2013-3.6%
Q1 2013+0.5%
Q4 2012-0.5%
Q3 2012+0.7%
Q2 2012-0.9%
Q1 2011-2.7%
Q1 2012+0.4%
Q4 2011+0.1%
Q4 2009+0.1%
Q3 2010+3.9%
Q3 2011+3.9%
Q2 2010-1.4%
Q2 2011-1.4%
Q4 2010-1.4%

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