NASDAQ$RPTX

Repare Therapeutics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Repare Therapeutics reported financial results for the fourth quarter and full year ended December 31, 2020.

Repare Therapeutics reported a net loss of $15.261 million, or $0.41 per share, for the quarter ended December 31, 2020. The company's cash and cash equivalents, restricted cash, and marketable securities totaled $333.9 million as of December 31, 2020.

  • Initiated patient recruitment of PARP-inhibitor combination arm of RP-3500 TRESR Phase 1/2 clinical trial.
  • Initiated IND-enabling studies for RP-6306, the Company’s CCNE-1 synthetic-lethal inhibitor program.
  • Phase 1 clinical trial for RP-6306 is anticipated to commence in 2Q 2021, reflecting a further accelerated timeline for clinical trial start.
  • Company to host Virtual Investor Day on Thursday, April 8th to detail RP-6306 clinical program and provide perspectives from two distinguished physicians

Headline financials

Total Revenue

$135K

No prior period
EPS (adj)

-$0.41

Previous: -$0.36-14.1%
Net Income

-$15.3M

Previous: -$8.33M-83.2%
Operating Income

-$17.1M

Previous: -$8.85M-93.0%
Cash & Equivalents

$326M

No prior period
Total Assets

$357M

No prior period

Revenue & EPS history

Repare Therapeutics · Revenue · Quarterly

$135K

Q4 2020
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Repare Therapeutics anticipates initiating a Phase 1 clinical trial for RP-6306 in the second quarter of 2021 and expects to release initial results for the monotherapy portion of the RP-3500 trial in the second half of the year.

Tailwinds

  • Initiated a Phase 1/2 clinical trial evaluating RP-3500 as a monotherapy and in combination with Pfizer's PARPi, talazoparib, in patients with solid tumors.
  • Advanced RP-6306, our CCNE-1 synthetic lethal inhibitor program, into IND enabling studies.
  • The Company anticipates initiating a Phase 1 clinical trial for RP-6306 in the second quarter of 2021, ahead of its previously announced guidance, and plans to host a Virtual Investor Day on Thursday, April 8, 2021 to further discuss this program.
  • Advanced the development of our earlier stage discovery programs
  • The Company is now expected to initiate IND enabling studies in H1 2022 for its third synthetic lethal asset, its Polθ inhibitor program, versus previously announced guidance of H2 2021.

Headwinds

  • Unexpected safety or efficacy data observed during preclinical studies or clinical trials
  • Clinical trial site activation or enrollment rates that are lower than expected
  • Changes in expected or existing competition
  • Changes in the regulatory environment
  • The uncertainties and timing of the regulatory approval process

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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