NASDAQ$RPTX

Repare Therapeutics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended September 30, 2023 and provided business update.

Repare Therapeutics reported financial results for the third quarter ended September 30, 2023. The company highlighted the advancement of its pipeline, particularly the Phase 1 MYTHIC trial evaluating lunresertib. Initial data from the trial showed early efficacy signals across multiple tumor types, most notably in gynecological tumors, along with a favorable safety and tolerability profile.

  • Presented positive initial data from the Phase 1 MYTHIC trial evaluating lunresertib alone and in combination with camonsertib.
  • Reported an overall RECIST response rate of 50% in patients with heavily pre-treated gynecological tumors in the MYTHIC trial.
  • Advanced lunresertib (RP-6306) for the treatment of molecularly selected advanced solid tumors.
  • Roche has included a camonsertib-based arm in its Phase 2 TAPISTRY trial.

Headline financials

Total Revenue

$2.16M

Previous: $113M-98.1%
EPS (adj)

-$0.45

Previous: $1.71-126.3%
Capital Expenditures

$0.00

Previous: $266K-100.0%
Free Cash Flow

-$32.9M

Previous: $87.9M-137.4%
Net Income

-$18.9M

Previous: $75.5M-125.0%
Operating Income

-$38.1M

Previous: $73.4M-151.9%
Gross Profit

$1.11M

No prior period
Cash & Equivalents

$107M

Previous: $155M-30.8%
Total Assets

$286M

Previous: $409M-30.0%
R&D Expense

$31.9M

No prior period
Stock-Based Comp

$6.38M

Previous: $5.05M+26.2%

Revenue & EPS history

Repare Therapeutics · Revenue · Quarterly

$2.16M

Q3 2023-98.1%vs Q3 2022
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Repare expects to report additional combination therapy data from the expansion cohorts of the MYTHIC trial in the second half of 2024. Repare expects to report initial data from its ongoing Phase 1 MINOTAUR trial evaluating lunresertib in combination with FOLFIRI (NCT05147350) in the first half of 2024. Additionally, the Company expects to report initial updated data from its ongoing Phase 1 MAGNETIC trial evaluating lunresertib in combination with gemcitabine (NCT05147272) in the second half of 2024.

Historical earnings impact

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

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

+0.7%

Avg return

Earnings day

+3.3%

Avg return

5 days after

-0.1%

Avg return

30 days after

55%

12 / 22 earnings

Positive

+19.7%

Q2 2023

Best reaction

-13.5%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-2.4%+27.5%+26.3%
Q2 2025+0.0%+3.3%+11.2%
Q1 2025+3.8%+0.0%+9.1%
Q4 2024-1.7%+0.9%-9.4%
Q3 2024-0.6%-4.4%-13.5%
Q2 2024-4.8%-8.3%-11.9%
Q1 2024+11.5%+7.7%+17.4%
Q4 2023+4.4%-0.6%-29.9%
Q3 2023-6.6%
Q2 2023+19.7%
Q1 2023+1.5%
Q4 2022+2.0%
Q3 2022+7.7%
Q2 2022+0.2%
Q1 2022-9.2%
Q4 2021+0.4%
Q3 2021+2.2%
Q2 2021-0.2%
Q1 2021+0.5%
Q4 2020-13.5%
Q3 2020-2.3%
Q2 2020+2.6%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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