NASDAQ$RPTX

Repare Therapeutics Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Repare Therapeutics reported financial results for Q4 2024, highlighted by portfolio re-prioritization and workforce reduction to extend cash runway into late 2027.

Repare Therapeutics announced a restructuring to focus on Phase 1 clinical programs RP-1664 and RP-3467, reducing its workforce by approximately 75%. The company's cash runway extends into late 2027 with $152.8 million in cash and cash equivalents. Initial clinical readouts from the POLAR trial are expected in Q3 2025, and from the LIONS trial in Q4 2025.

  • Initiated Phase 1 clinical trial of RP-3467 (POLAR) in Q4 2024, dosing patients alone and in combination with olaparib.
  • Topline safety, tolerability, and early efficacy data from the POLAR trial expected in Q3 2025.
  • Initial topline safety, tolerability, and early efficacy data from the LIONS trial expected in Q4 2025.
  • Company is reducing its workforce by approximately 75% to extend its cash runway into late-2027.

Headline financials

Total Revenue

$0.00

Previous: $13M-100.0%
EPS (adj)

-$0.67

Previous: -$0.67+0.0%
Net R&D expenses

$24.5M

No prior period
Capital Expenditures

$0.00

Previous: -$398K+100.0%
Net Income

-$28.7M

Previous: -$28M-2.4%
Operating Income

-$30.7M

Previous: -$43.7M+29.8%
Gross Profit

-$454K

Previous: $12.5M-103.6%
R&D Expense

$24.4M

Previous: $34.5M-29.3%

Revenue & EPS history

Repare Therapeutics · Revenue · Quarterly

$0

Q4 2024-100%vs Q4 2023
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Repare Therapeutics is focused on advancing its Phase 1 clinical programs, RP-1664 and RP-3467, with clinical trial readouts expected in 2025. The company is also exploring partnerships across its portfolio, including for Lunre+Camo.

Tailwinds

  • Initial clinical readout from Phase 1 RP-3467 (Polq ATPase/helicase inhibitor) POLAR trial expected in Q3 2025
  • Initial clinical readout from Phase 1 RP-1664 (PLK4 inhibitor) LIONS trial expected in Q4 2025
  • Cash and cash equivalents and marketable securities provides runway to late-2027
  • Evaluating lunresertib in combination with Debio 0123, a highly selective brain-penetrant, clinical WEE1 inhibitor, in patients with advanced solid tumors
  • Enrollment completion of MYTHIC trial evaluating lunresertib in combination with DEBIO 0123 (WEE1 inhibitor) in Q2 2025.

Headwinds

  • Company reducing its workforce by approximately 75%
  • Revenue from collaboration agreements was nil for the three-month period ended December 31, 2024
  • Intends to seek partnering opportunities for Lunre+Camo program as a condition to further advancement of the program into pivotal development
  • Will not continue to develop lunresertib or camonsertib in other studies unless a partner is found
  • Restructuring expenses incurred

Historical earnings impact

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

Avg. return before/after earnings

Based on 7 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+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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