NASDAQ$GYRE

Gyre Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Catalyst Biosciences reported its Q4 2021 operating and financial results, pivoting its strategy towards complement therapeutics and protease medicines.

Catalyst Biosciences reported a net loss of $20.3 million for Q4 2021. The company is focusing on complement therapeutics, including CB 2782-PEG and CB 4332, and is exploring strategic alternatives while implementing cost reduction measures.

  • Regained rights to CB 2782-PEG for dry AMD treatment.
  • Received Rare Pediatric Disease Designation for CB 4332 for CFI Deficiency.
  • Announced plans to explore strategic alternatives for the company.
  • Implemented personnel and cost reductions, including a 70% headcount reduction.

Headline financials

Total Revenue

$2.44M

No prior period
EPS (adj)

-$0.65

No prior period
Free Cash Flow

-$17.7M

No prior period
Net Income

-$20.3M

No prior period
Operating Income

-$20.3M

No prior period
Gross Profit

$2.44M

No prior period
Cash & Equivalents

$44.3M

No prior period
Total Assets

$55.7M

No prior period
Stock-Based Comp

$683K

No prior period

Revenue & EPS history

Gyre Therapeutics · Revenue · Quarterly

$2.44M

Q4 2021
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Revenue by segment

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

  • License & Collaboration
    $2.3M

Forward guidance

Catalyst Biosciences is focused on developing protease therapeutics to address unmet medical needs in disorders of the complement system and is exploring strategic alternatives.

Tailwinds

  • Potential strategic alternatives for the company
  • Potential markets for CB 2782-PEG and CB 4332
  • Plans for clinical development of CB 2782-PEG and CB 4332 in dry AMD
  • Continued generation of candidates to treat diseases that result from dysregulation of the complement cascade
  • Benefits of the protease engineering platform

Headwinds

  • Risk that we will not identify or execute any strategic alternatives
  • Clinical trials and preclinical studies may be delayed as a result of COVID-19, competitive products, and other factors
  • CB 2782-PEG, CB 4332 and the Company’s complement degraders are not yet in human clinical trials and will require clinical additional testing, including multiple clinical trials, before being approved
  • The Company will need to raise additional capital
  • Other risks described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K

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 2021

Historical avgQ4 2021

-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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