NASDAQ$RCKT

Rocket Pharmaceuticals Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Rocket Pharmaceuticals reported financial results for the second quarter of 2022 and provided updates on key pipeline developments and operational milestones.

Rocket Pharmaceuticals reported positive results across all four clinical programs and made progress toward manufacturing readiness. The company maintains a healthy operational cash runway into the first half of 2024.

  • Reported positive safety data from pediatric cohort of Phase 1 Danon Disease study; efficacy update on track for late Q3 2022.
  • Announced top-line data from pivotal Phase 2 trial for severe LAD-I with 100% overall survival at one year; regulatory filings anticipated in first half of 2023.
  • Primary endpoint met for Fanconi Anemia pivotal Phase 2 trial, FDA dialogue initiated for BLA planning; continued data readouts expected in Q4 2022.
  • Achieved cGMP readiness milestone for AAV manufacturing facility in Cranbury, N.J.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.83

Previous: -$0.55-50.9%
Weighted-average common shares outstanding

65.8M

Previous: 63.4M+3.8%
Capital Expenditures

-$4.85M

Previous: -$1.45M-234.9%
Free Cash Flow

-$59.3M

Previous: -$36M-64.7%
Net Income

-$54.4M

Previous: -$34.5M-57.6%
Operating Income

-$54.2M

Previous: -$34M-59.2%
Gross Profit

-$400K

Previous: -$300K-33.3%
Cash & Equivalents

$188M

Previous: $265M-29.1%
Total Assets

$432M

Previous: $535M-19.3%
Stock-Based Comp

$7.37M

Previous: $7.31M+0.8%

Revenue & EPS history

Rocket · Revenue · Quarterly

$0

Q2 2022
Beat estimate in 0 of 5 quarters(0%)
ActualEstimate

Forward guidance

Rocket Pharmaceuticals expects resources will be sufficient to fund its operating expenses and capital expenditure requirements into the first half of 2024.

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 Q2 2022

Historical avgQ2 2022

+0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-1.9%

Avg return

30 days after

51%

23 / 45 earnings

Positive

+18.2%

Q1 2023

Best reaction

-17.7%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.4%-6.0%-29.0%
Q4 2025+10.8%+6.4%-16.8%
Q3 2025+0.3%+2.2%+2.8%
Q1 2025-0.6%+0.9%-55.7%
Q4 2024+0.5%-2.0%-19.3%
Q3 2024-0.7%-8.8%-21.0%
Q2 2024-3.6%-8.8%-14.5%
Q1 2024-0.5%-3.2%-1.6%
Q4 2023+5.0%+4.3%-6.9%
Q3 2023-2.4%-11.6%+23.1%
Q2 2023-2.6%-4.2%-7.8%
Q1 2023+18.2%+16.4%+23.0%
Q4 2022+5.9%+14.8%-7.7%
Q3 2022-6.0%-10.8%+9.9%
Q2 2022+4.3%+12.3%+1.5%
Q1 2022-15.2%-17.2%+20.4%
Q4 2021+4.3%-2.6%-11.4%
Q3 2021+10.3%+8.0%-30.2%
Q2 2021-4.9%-13.9%-1.8%
Q1 2021-3.9%-6.5%+3.6%
Q4 2020-0.7%-1.8%-16.9%
Q3 2020+5.3%+0.2%+9.2%
Q2 2020+6.3%+10.6%-8.1%
Q1 2020-1.5%+12.7%+8.5%
Q4 2019-1.1%-7.7%-30.3%
Q3 2019+10.2%+4.0%+50.6%
Q2 2019+4.5%-3.2%+0.4%
Q1 2019+1.6%-8.7%-14.6%
Q4 2018-4.7%-2.1%+27.4%
Q3 2018-1.0%-12.5%-17.6%
Q2 2018+3.8%-5.3%+9.0%
Q1 2018+6.5%+19.8%+23.2%
Q4 2017-0.4%+0.2%-19.2%
Q3 2017+2.0%+15.7%+3.6%
Q2 2017+8.3%+16.7%+13.3%
Q1 2017-9.6%+0.0%-1.4%
Q4 2016+8.7%-4.3%+24.6%
Q3 2016+4.5%+4.5%+1.5%
Q2 2016+0.1%+2.7%+1.8%
Q1 2016-17.7%
Q4 2015-3.3%
Q3 2015-6.9%
Q2 2015-4.1%
Q1 2015+0.3%
Q4 2014+7.9%
Q3 2014
Q2 2014
Q1 2014
Q4 2013

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