NASDAQ$RPTX

Repare Therapeutics Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Repare Therapeutics reported financial results for the fourth quarter and full year ended December 31, 2023.

Repare Therapeutics reported a decrease in revenue from collaboration agreements for the three-month period ended December 31, 2023, due to lower deferred revenue recognized from the Roche and BMS collaborations. The company's cash, cash equivalents, and marketable securities totaled $223.6 million as of December 31, 2023.

  • Advanced each of the four programs in its portfolio and set the stage for meaningful data readouts and new clinical trial starts this year.
  • Presented initial positive data from its ongoing Phase 1 MYTHIC trial evaluating lunresertib alone and in combination with camonsertib.
  • Announced a partnership with Debiopharm to explore the potential clinical synergy of Debio 0123 and lunresertib.
  • Dosed the first patient in the multicenter, open-label Phase 1 dose escalation trial of RP-1664 in adult and adolescent patients with TRIM37-high solid tumors in February 2024.

Headline financials

Total Revenue

$13M

Previous: $18.2M-28.3%
EPS (adj)

-$0.67

Previous: -$0.75+10.7%
Capital Expenditures

-$398K

Previous: -$1.72M+76.9%
Net Income

-$28M

Previous: -$31.7M+11.6%
Operating Income

-$43.7M

Previous: -$19.6M-122.4%
Gross Profit

$12.5M

No prior period
R&D Expense

$34.5M

No prior period
Stock-Based Comp

$6.36M

Previous: $5.14M+23.8%

Revenue & EPS history

Repare Therapeutics · Revenue · Quarterly

$13M

Q4 2023-28.3%vs Q4 2022
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Repare Therapeutics anticipates several milestones in 2024, including initiating a Phase 1/1b clinical trial of lunresertib and Debio 0123, reporting initial data from multiple trials, disclosing additional camonsertib clinical development plans, and initiating a Phase 1 dose finding trial of RP-3467.

Tailwinds

  • Initiate a Phase 1/1b clinical trial of lunresertib and Debio 0123 in the first half of 2024.
  • Report initial data from the Phase 1 MINOTAUR trial in the first half of 2024.
  • Disclose additional camonsertib clinical development plans in the second quarter of 2024.
  • Report data from the dose expansion cohorts of the Phase 1 MYTHIC trial in the second half of 2024.
  • Initiation of a Phase 1 dose finding trial of RP-3467 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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