NASDAQ$RAPT

RAPT Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2021.

RAPT Therapeutics reported a net loss of $17.9 million for the fourth quarter of 2021, compared to a net loss of $12.7 million for the fourth quarter of 2020. The company's cash, cash equivalents and marketable securities totaled $189.7 million as of December 31, 2021.

  • RPT193 Phase 1b clinical trial in atopic dermatitis showed positive results.
  • Phase 2b clinical trial of RPT193 in atopic dermatitis is planned for the first half of 2022.
  • Phase 2a trial in asthma is planned for RPT193 in the second half of 2022.
  • FLX475 development is continuing in several indications including EBV+ lymphoma, nasopharyngeal cancer and head and neck cancer.

Headline financials

Total Revenue

$756K

Previous: $1.3M-41.9%
EPS (adj)

-$0.61

Previous: -$0.52-17.3%
Capital Expenditures

$394K

No prior period
Free Cash Flow

-$21.1M

No prior period
Net Income

-$17.9M

Previous: -$12.7M-40.8%
Operating Income

-$18M

Previous: -$13.1M-37.8%
Gross Profit

$525K

No prior period
Cash & Equivalents

$24M

Previous: $24.9M-3.6%
Total Assets

$199M

Previous: $119M+67.0%
Stock-Based Comp

$2.09M

No prior period

Revenue & EPS history

RAPT · Revenue · Quarterly

$756K

Q4 2021-41.9%vs Q4 2020
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Forward guidance

RAPT plans to initiate a Phase 2b clinical trial of RPT193 in atopic dermatitis in the first half of 2022, as well as a Phase 2a trial in asthma in the second half of the year. They also plan to provide an update on FLX475 in 2022 when they have data that are sufficiently mature from the ongoing cohorts.

Tailwinds

  • Initiate a Phase 2b clinical trial of RPT193 in atopic dermatitis in the first half of 2022.
  • Initiate a Phase 2a trial in asthma in the second half of the year.
  • Provide an update on FLX475 in 2022 when data are sufficiently mature.
  • Advance two unique drug candidates, RPT193 and FLX475.
  • Pursue a range of targets that are in the discovery stage of development.

Headwinds

  • Clinical development progress is subject to risks and uncertainties.
  • Timing of results from clinical trials of FLX475 and RPT193 is uncertain.
  • Actual results may differ materially from the results expressed or implied by forward-looking statements.
  • Forward-looking statements are based only on current information, assumptions and expectations.
  • RAPT disclaims any obligation to update these forward-looking statements.

Historical earnings impact

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

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

-1.6%

Avg return

Earnings day

-11.5%

Avg return

5 days after

-5.0%

Avg return

30 days after

44%

11 / 25 earnings

Positive

+38.7%

Q3 2022

Best reaction

-45.8%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+2.6%+4.5%+21.9%
Q2 2025+1.0%+8.6%+28.1%
Q1 2025+0.0%-8.3%+46.2%
Q4 2024-0.9%+0.9%-6.2%
Q3 2024-10.3%-37.1%-41.7%
Q2 2024-5.8%+2.5%-23.3%
Q1 2024-45.7%-50.1%-51.8%
Q4 2023-0.7%-13.0%-13.6%
Q3 2023+8.2%
Q2 2023-4.8%
Q1 2023-3.5%
Q4 2022-28.4%
Q3 2022+38.7%
Q2 2022+18.7%
Q1 2022+9.7%
Q4 2021+9.2%
Q3 2021-1.9%
Q2 2021-0.4%
Q1 2021-4.0%
Q4 2020+12.0%
Q3 2020-45.8%
Q2 2020+12.3%
Q1 2020+3.7%
Q4 2019+8.7%
Q3 2019-12.3%
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro