NASDAQ$RXRX

Recursion Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Recursion Pharmaceuticals reported first quarter 2022 financial results and provided business updates.

Recursion Pharmaceuticals reported a net loss of $56.0 million for the first quarter of 2022, with total revenue of $5.3 million. The company highlighted progress in its clinical programs, including the enrollment of the first participant in a Phase 2 clinical trial for CCM and advancements in preclinical and discovery programs.

  • Enrolled the first participant in Phase 2 clinical trial for CCM and dosed multiple participants.
  • Expecting to enroll the first participant in Phase 2/3 clinical trial for progressive NF2-mutated meningiomas in the second quarter 2022.
  • Received Fast Track Designation for REC-4881, a potential treatment for FAP, and expect to enroll the first participant in a Phase 2 trial in the third quarter 2022.
  • Initiated laboratory efforts and are scaling pilot work to create first partnership-specific maps in an oncology indication with Roche and Genentech.

Headline financials

Total Revenue

$5.33M

Previous: $2.56M+108.2%
EPS (adj)

-$0.33

Previous: -$1.33+75.2%
R&D Expenses

$32.4M

Previous: $24.1M+34.4%
G&A Expenses

$21.1M

Previous: $8.94M+136.1%
Capital Expenditures

-$4.34M

Previous: -$19.4M+77.6%
Free Cash Flow

-$60.3M

Previous: -$50.1M-20.3%
Net Income

-$56M

Previous: -$30.7M-82.2%
Operating Income

-$56M

Previous: -$30.5M-83.6%
Gross Profit

-$2.47M

Previous: -$21.6M+88.6%
Cash & Equivalents

$508M

Previous: $214M+137.2%
Total Assets

$734M

Previous: $272M+170.0%
Stock-Based Comp

$5.63M

Previous: $1.82M+209.3%

Revenue & EPS history

Recursion Pharmaceuticals · Revenue · Quarterly

$5.33M

Q1 2022+108.2%vs Q1 2021
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Revenue by segment

Recursion Pharmaceuticals · $5.3M total across 1 segment · Q1 2022

  • Collaboration Revenue
    $5.3M+112.0%

Forward guidance

Recursion plans to initiate additional clinical trials later in the year and believes its work and partnerships have the potential to positively impact the lives of patients.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+7.2%

Avg return

30 days after

32%

8 / 25 earnings

Positive

+11.6%

Q1 2023

Best reaction

-16.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%-3.3%-1.8%
Q4 2025+6.5%+2.8%-16.7%
Q3 2025-0.6%-9.8%-5.8%
Q1 2025-16.5%-24.0%-13.9%
Q4 2024-12.3%-16.9%-29.6%
Q3 2024+1.6%+15.0%+17.4%
Q2 2024-1.3%+2.7%-7.1%
Q1 2024+0.1%+17.0%-0.9%
Q4 2023-12.3%-13.2%-32.5%
Q3 2023-3.0%+14.7%+35.0%
Q2 2023-0.5%-13.2%-24.2%
Q1 2023+11.6%+2.5%+75.8%
Q4 2022+7.1%+11.4%-11.3%
Q3 2022+8.9%+32.8%-0.6%
Q2 2022+4.4%+27.4%+35.8%
Q1 2022-9.4%+1.4%+34.4%
Q4 2019-0.7%-1.7%-14.2%
Q4 2021-0.7%-1.7%-14.2%
Q3 2020-9.1%-4.3%-3.2%
Q3 2021-9.1%-4.3%-3.2%
Q2 2020-10.8%-17.2%+23.1%
Q2 2021-10.8%-17.2%+23.1%
Q1 2020-7.1%-3.6%+37.8%
Q1 2021-7.1%-3.6%+37.8%
Q4 2020-7.1%-3.6%+37.8%

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