NASDAQ$RPTX

Repare Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2022.

Repare Therapeutics reported fourth-quarter financial results, featuring revenue from collaboration agreements of $18.2 million and a net loss of $31.7 million. The company highlighted progress in its pipeline, including the collaboration with Roche on camonsertib and the Fast Track designation for RP-6306.

  • Advanced camonsertib in partnership with Roche, with initial data expected in H1 2023.
  • Reported initial Phase 1 clinical data for RP-6306 as a monotherapy for advanced solid tumors in the first half of 2023, and combination therapy data in Q4 2023.
  • FDA granted Fast Track designation to RP-6306 in combination with gemcitabine for platinum-resistant ovarian cancer.
  • Initiated IND-enabling studies for a small molecule against an undisclosed target, with potential clinical entry in late 2023 or early 2024.

Headline financials

Total Revenue

$18.2M

Previous: $6.88M+164.6%
EPS (adj)

-$0.75

Previous: -$0.70-7.1%
Capital Expenditures

-$1.72M

Previous: $165K-1142.4%
Free Cash Flow

-$27.9M

Previous: -$20.9M-33.6%
Net Income

-$31.7M

Previous: -$28.3M-12.1%
Operating Income

-$19.6M

Previous: -$28.7M+31.7%
Cash & Equivalents

$160M

Previous: $334M-52.3%
Total Assets

$364M

Previous: $369M-1.3%
Stock-Based Comp

$5.14M

Previous: $3.9M+31.9%

Revenue & EPS history

Repare Therapeutics · Revenue · Quarterly

$18.2M

Q4 2022+164.6%vs Q4 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Repare Therapeutics anticipates a productive 2023, with early clinical readouts for camonsertib and RP-6306 expected in the first half of the year and plans to expand its pipeline.

Tailwinds

  • Initial data from Phase 1/2 trials of camonsertib in combination with PARP inhibitors expected in H1 2023.
  • Initial data from the Phase 1/2 TRESR trial evaluating camonsertib in combination with gemcitabine expected in summer or fall 2023.
  • Initial Phase 1 clinical data for RP-6306 as a monotherapy expected in H1 2023.
  • Initial Phase 1 clinical data for RP-6306 as a combination therapy expected in Q4 2023.
  • Initiation of IND-enabling studies for a small molecule against an undisclosed target in H1 2023.

Headwinds

  • Prioritization of other Polθ inhibiting compounds may delay clinical entry for a Polθ inhibitor to 2024.
  • Macroeconomic conditions, including the COVID-19 pandemic and rising inflation, could impact the business.
  • 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 the regulatory environment and the uncertainties 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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