NASDAQ$RCKT

Rocket Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Rocket Pharmaceuticals reported financial results for the quarter ending September 30, 2021, and provided updates on key pipeline developments.

Rocket Pharmaceuticals reported a net loss of $50.1 million for the third quarter of 2021. The company's cash, cash equivalents, and investments totaled $421.5 million as of September 30, 2021, which is expected to fund operations into the second half of 2023.

  • Treatment initiated in pediatric patient cohort in Danon Disease trial of RP-A501
  • Treatment completed in nine of nine patients in LAD-1 Phase 1/2 trial; favorable safety profile and initial clinical benefit reported in all seven patients with at least 3 months of follow up
  • Clinical updates anticipated in Danon Disease at AHA 2021 Scientific Sessions and in FA, LAD-I and PKD at 63rd ASH Annual Meeting
  • Ending Balance Sheet with $421.5 Million in Cash; Cash Runway Expected into 2H’23

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.79

Previous: -$0.53-49.1%
Research and development expenses

$40M

No prior period
General and administrative expenses

$9.7M

No prior period
Capital Expenditures

-$4.91M

Previous: -$6.95M+29.4%
Free Cash Flow

-$55M

Previous: -$36M-52.7%
Net Income

-$50.1M

Previous: -$29.1M-72.3%
Operating Income

-$49.6M

Previous: -$27.4M-81.3%
Gross Profit

-$200K

No prior period
Cash & Equivalents

$246M

Previous: $82.2M+198.7%
Total Assets

$530M

Previous: $335M+58.0%
Stock-Based Comp

$6.99M

Previous: $4.05M+72.7%

Revenue & EPS history

Rocket · Revenue · Quarterly

$0

Q3 2021

Forward guidance

Rocket expects its balance in cash, cash equivalents and investments of $421.5 million as of September 30, 2021 to fund its operations into the second half of 2023.

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 Q3 2021

Historical avgQ3 2021

+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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