NASDAQ$RPTX

Repare Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Repare Therapeutics' fourth quarter and full year 2021 financial results were reported, with key milestones achieved in advancing the company's synthetic lethality-based pipeline.

Repare Therapeutics reported a net loss of $28.3 million for Q4 2021, with cash and cash equivalents and marketable securities totaling $341.9 million as of December 31, 2021. The company believes its current financial resources will fund operations through 2023. Key progress was made in the RP-3500 and RP-6306 programs.

  • Initial Phase 1 RP-3500 monotherapy data from Phase 1/2 TRESR trial at AACR-NCI-EORTC provided clinical proof of concept and validated Repare’s SNIPRx platform.
  • RP-3500 monotherapy appears safe and well tolerated, with compelling early efficacy signals across multiple genotypes and tumor types in heavily pretreated patients.
  • Initiated a monotherapy Phase 2 TRESR trial of RP-3500 for the treatment of solid tumors with specific synthetic-lethal genomic alterations including those in the ATM gene in February 2022.
  • In December 2021, the Company began dosing in a Phase 1 clinical trial of RP-6306 in combination with gemcitabine for the treatment of molecularly selected advanced solid tumors.

Headline financials

Total Revenue

$6.88M

Previous: $135K+4994.1%
EPS (adj)

-$0.70

Previous: -$0.41-70.7%
Capital Expenditures

$165K

No prior period
Free Cash Flow

-$20.9M

No prior period
Net Income

-$28.3M

Previous: -$15.3M-85.4%
Operating Income

-$28.7M

Previous: -$17.1M-68.3%
Cash & Equivalents

$334M

Previous: $326M+2.5%
Total Assets

$369M

Previous: $357M+3.3%
Stock-Based Comp

$3.9M

No prior period

Revenue & EPS history

Repare Therapeutics · Revenue · Quarterly

$6.88M

Q4 2021+4,994.1%vs Q4 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Repare Therapeutics anticipates several key milestones in 2022, including the Phase 2 expansion of the RP-3500 TRESR trial, initiation of the TRESR Phase 1 monotherapy pediatric module, and initial data from the Phase 1 RP-6306 monotherapy MYTHIC trial.

Tailwinds

  • Initiation of a monotherapy Phase 2 TRESR trial of RP-3500 in February 2022.
  • Initiation of recruitment in a Phase 1 pediatric module of TRESR trial of RP-3500 monotherapy with enrollment expected in Q1 2022.
  • Comprehensive monotherapy Phase 1 (Module 1) clinical data from the TRESR trial of RP-3500 expected in Q2 2022.
  • Determination of recommended Phase 2 dose of RP-3500 in combination with gemcitabine expected in the second half of 2022.
  • Early clinical data readout for PARPi combination from Phase 1/2 TRESR trial and ATTACC trial of RP-3500 expected in Q3 2022.

Headwinds

  • Potential delays in clinical trial site activation or enrollment rates.
  • Unexpected safety or efficacy data observed during preclinical studies or clinical trials.
  • Changes in expected or existing competition.
  • Changes in the regulatory environment.
  • 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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