NASDAQ$KROS

Keros Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Keros Therapeutics reported financial results and business highlights.

Keros Therapeutics reported a net loss of $6.9 million for the fourth quarter and $58.7 million for the year ended December 31, 2021. Revenue for the year ended December 31, 2021 was $20.1 million. Research and development expenses were $18.8 million for the fourth quarter and $55.1 million for the year ended December 31, 2021.

  • Entered into a license agreement with Hansoh for KER-050 in mainland China, Hong Kong and Macau.
  • Keros received an upfront net payment of $18.0 million in January 2022 from Hansoh.
  • Christopher Rovaldi was appointed as Chief Operating Officer.
  • Keros expects that the cash and cash equivalents it had on hand at December 31, 2021, along with the net $18.0 million upfront payment pursuant to the license agreement with Hansoh, which the Company received in January 2022, will fund its operating expenses and capital expenditure requirements into the first quarter of 2024.

Headline financials

Total Revenue

$20M

No prior period
EPS (adj)

-$0.30

Previous: -$0.49+38.8%
Capital Expenditures

$159K

Previous: $60K+165.0%
Free Cash Flow

-$19.7M

Previous: -$8.05M-145.0%
Net Income

-$6.94M

Previous: -$10.7M+35.0%
Operating Income

-$4.87M

Previous: -$13.3M+63.4%
Gross Profit

$18.8M

No prior period
Cash & Equivalents

$230M

Previous: $266M-13.5%
Total Assets

$255M

Previous: $269M-5.3%
Stock-Based Comp

$3.3M

Previous: $1.52M+116.5%

Revenue & EPS history

Keros · Revenue · Quarterly

$20M

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

Forward guidance

Keros expects to report additional data from the ongoing Phase 2 clinical trial of KER-050 in patients with myelodysplastic syndromes in mid-2022, initial data from the ongoing Phase 2 clinical trial of KER-050 in patients with myelofibrosis by the end of 2022, initiate two Phase 2 clinical trials of KER-047 in the first half of 2022, and report initial data from Part 1 of the ongoing Phase 1 clinical trial of KER-012 in healthy volunteers in the second quarter of 2022 and additional data from Part 2 of this trial in the second half of 2022

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 Q4 2021

Historical avgQ4 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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