NASDAQ$RXRX
Recursion Pharmaceuticals Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Recursion Pharmaceuticals reported first quarter 2023 financial results, highlighted by strategic acquisitions to enhance technology-enabled drug discovery and advancements in clinical trials.
Recursion Pharmaceuticals reported a revenue increase in Q1 2023, driven by progress in the Roche-Genentech collaboration. The company also advanced its clinical trials and made strategic acquisitions of Cyclica and Valence to bolster its digital chemistry and generative AI capabilities. However, the company experienced increased research and development expenses and general and administrative expenses, leading to a higher net loss compared to the same period last year.
- Acquired Cyclica and Valence to enhance digital chemistry and generative AI capabilities.
- Advanced 4 active clinical trials, including REC-994 in Cerebral Cavernous Malformation.
- Progressed RBM39 HR-proficient ovarian cancer program to preclinical stage.
- Total revenue was $12.1 million, an increase from $5.3 million in the first quarter of 2022.
Headline financials
Revenue & EPS history
Recursion Pharmaceuticals · Revenue · Quarterly
$12.1M
Revenue by segment
Recursion Pharmaceuticals · $1 total across 1 segment · Q2 2023
- Grant Revenue$1—100.0%
Forward guidance
The company anticipates completing the acquisitions of Cyclica and Valence in the second quarter of 2023, subject to closing conditions. They expect no material change to its cash runway as a result of these acquisitions.
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 2023
-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
| Quarter | Report date | Reaction (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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro