NASDAQ$KROS

Keros Therapeutics Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Keros Therapeutics reported a net loss due to increased research and development efforts and additional infrastructure expenses.

Keros Therapeutics reported a net loss of $15.6 million for the second quarter of 2021, driven by increased research and development expenses and additional infrastructure costs. The company's cash and cash equivalents were $237.1 million as of June 30, 2021, expected to fund operations into the fourth quarter of 2023.

  • Announced preliminary results from Phase 2 clinical trial of KER-050.
  • Executive leadership changes with Simon Cooper appointed as Chief Medical Officer.
  • Issued a foundational U.S. patent for novel therapeutic proteins, including KER-050.
  • Initiated dosing for Cohort 3 of the Phase 2 clinical trial evaluating KER-050 in patients with myelodysplastic syndromes.

Headline financials

Total Revenue

$100K

Previous: $0.00
EPS (adj)

-$0.67

Previous: -$0.62-8.1%
Capital Expenditures

-$720K

Previous: -$204K-252.9%
Free Cash Flow

-$16.3M

Previous: -$11M-49.1%
Net Income

-$15.6M

Previous: -$10.8M-45.2%
Operating Income

-$15.5M

Previous: -$10.9M-42.4%
Gross Profit

-$9.88M

No prior period
Cash & Equivalents

$237M

Previous: $145M+63.9%
Total Assets

$243M

Previous: $150M+61.8%
Stock-Based Comp

$2.85M

Previous: $1.14M+150.1%

Revenue & EPS history

Keros · Revenue · Quarterly

$100K

Q2 2021
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

Keros expects that the cash and cash equivalents it had on hand at June 30, 2021 will fund its operating expenses and capital expenditure requirements into the fourth quarter of 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.4%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+5.0%

Avg return

30 days after

42%

10 / 24 earnings

Positive

+34.0%

Q3 2021

Best reaction

-15.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.5%-17.4%-15.4%
Q4 2025-15.0%-15.9%-12.9%
Q3 2025+3.4%+8.0%+38.6%
Q1 2025+0.7%+0.1%-3.3%
Q4 2024+0.6%+5.9%-1.4%
Q3 2024+7.3%+8.9%+11.9%
Q2 2024-8.9%-8.0%+7.7%
Q1 2024-1.8%-8.0%-17.0%
Q4 2023-3.6%-1.4%-5.4%
Q3 2023-0.3%-7.4%+4.8%
Q2 2023-10.3%-12.9%-12.9%
Q1 2023-2.6%-2.3%+8.6%
Q4 2022-6.4%-3.6%-23.4%
Q3 2022-2.0%-9.2%+3.2%
Q2 2022+14.7%+13.5%+10.6%
Q1 2022-12.5%-15.5%-36.5%
Q4 2021+8.7%-3.5%+29.9%
Q3 2021+34.0%+43.0%+30.3%
Q2 2021+5.5%+2.6%-3.7%
Q1 2021-2.4%-6.9%-13.5%
Q4 2020+4.4%+6.6%+14.0%
Q3 2020-0.9%+8.1%+41.4%
Q2 2020+7.1%+12.8%+23.6%
Q1 2020-2.0%+4.0%+41.0%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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