NASDAQ$MBRX

Moleculin Biotech Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended September 30, 2021.

Moleculin Biotech reported its financial results for the quarter ended September 30, 2021. The company's research and development expense was $4.1 million. They ended the quarter with $75.2 million of cash and believe that this cash is sufficient to meet its projected operating requirements into 2024.

  • Up to six clinical trials expected to be underway or with regulatory clearance by the end of 2021
  • Preliminary clinical activity for Annamycin seen in interim results from its US Phase 1b/2 clinical trial for the treatment of soft tissue sarcoma (STS) lung metastases
  • Received favorable opinion from the MHRA to commence first-in-human Phase 1a study to evaluate safety and pharmacokinetics of WP1122 in healthy volunteers for the treatment of COVID-19, expected to commence in Q4 2021
  • STS lung metastases trial continues to recruit rapidly

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$2.25

Previous: -$5.40+58.3%
General and administrative expense

$2.06M

No prior period
Research and development expense

$4.1M

No prior period
Capital Expenditures

$0.00

Previous: -$360K+100.0%
Free Cash Flow

-$4.38M

Previous: -$3.76M-16.6%
Net Income

-$4.38M

Previous: -$3.4M-29.0%
Operating Income

-$6.16M

Previous: -$6.15M-0.1%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$75.2M

Previous: $12.8M+487.3%
Total Assets

$88.7M

No prior period
Stock-Based Comp

$979K

No prior period

Revenue & EPS history

Moleculin · Revenue · Quarterly

$0

Q3 2021
Beat estimate in 0 of 6 quarters(0%)
ActualEstimate

Forward guidance

Moleculin anticipates several milestones in the upcoming months, including reporting topline results from ongoing studies and initiating new clinical trials.

Tailwinds

  • Report cohort topline results from the ongoing Phase 1/2 study for treatment of AML and report the study's topline results in H2 2021
  • Report cohort topline results from the ongoing Phase 1/2 study for treatment of STS lung metastases and report the study's topline results in H2 2021
  • Initiate Phase 1/2 study in Europe for the treatment of AML evaluating combination therapy of Annamycin + Ara-C in H2 2021
  • Commencement of an investigator-funded, second Phase 1b/2 clinical trial of Annamycin in sarcoma lung metastases in Europe in H1 2022
  • Complete Phase 1b portion of ongoing Phase 1b/2 study of Annamycin for the treatment of sarcoma lung metastases in the US in H1 2022

Headwinds

  • Filing a US Investigational New Drug application (IND) for the treatment of certain adult cancer(s) with WP1066 and begin to identify an institution to commence an associated investigator-funded Phase 1a/1b study in H2 2021
  • Report topline results from Phase 1 physician-sponsored pediatric brain tumor clinical trial in H1 2022
  • Facilitate launch of physician-sponsored Phase 2 study of WP1066 for the treatment of pediatric brain tumors including DIPG in H2 2022
  • Actively seek collaboration with a strategic partner in the near term for external funding for the continued development of WP1220 in a Phase 2 clinical trial as a topical therapy for CTCL
  • Commence Phase 1a study of WP1122 for the treatment of COVID-19 in the UK in H2 2021

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 Q3 2021

Historical avgQ3 2021

-1.2%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-5.3%

Avg return

30 days after

32%

13 / 41 earnings

Positive

+28.1%

Q4 2019

Best reaction

-20.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%+9.8%
Q4 2025+0.0%+20.9%+17.5%
Q3 2025-4.4%-3.5%-56.1%
Q2 2025-4.0%-11.7%-46.1%
Q1 2025-8.2%-1.3%-35.3%
Q4 2024-2.8%-3.7%-12.8%
Q3 2024+3.5%+6.3%+3.9%
Q2 2024-5.1%+2.1%+3.4%
Q1 2024+1.9%+6.7%-9.2%
Q4 2023-20.8%-16.4%-29.9%
Q3 2023+1.9%+9.3%-2.4%
Q2 2023-1.3%-7.5%-32.7%
Q1 2023-14.4%-21.7%-23.1%
Q4 2022-1.9%-7.8%-24.0%
Q3 2022+5.1%+6.1%+48.6%
Q2 2022+9.3%+3.7%-12.3%
Q1 2022+1.6%+9.0%+23.0%
Q4 2021-4.4%-1.7%+1.1%
Q3 2021+0.0%-6.5%-5.7%
Q2 2021-3.3%-11.1%-0.3%
Q1 2021-3.8%-2.1%-99.7%
Q4 2020-1.5%-6.6%-11.6%
Q3 2020+2.9%+8.5%+14.1%
Q2 2020-7.4%-5.6%-29.0%
Q1 2020+0.0%+0.0%+11.2%
Q4 2019+28.1%+27.9%+155.9%
Q3 2019+0.9%-0.9%-4.7%
Q2 2019+6.5%+10.2%+13.0%
Q1 2019-0.8%-5.7%-4.9%
Q4 2018+3.8%-1.5%-0.8%
Q3 2018-3.1%+6.1%-3.8%
Q2 2018+0.0%-1.2%+0.0%
Q1 2018-0.6%-0.6%+12.1%
Q4 2017-3.2%-1.1%-0.5%
Q3 2017-0.4%+3.7%+5.6%
Q2 2017-7.7%-11.8%-3.7%
Q1 2017-4.7%-4.9%+0.0%
Q4 2016-12.8%-28.2%-27.4%
Q3 2016-2.4%+1.7%-50.5%
Q2 2016-1.6%-6.7%-1.0%
Q1 2016+2.3%+5.4%+5.2%
Q3 2015

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