NASDAQ$RXRX

Recursion Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Recursion Pharmaceuticals reported business updates and financial results

Recursion Pharmaceuticals reported a revenue of $13.7 million for the fourth quarter of 2022, compared to $2.5 million for the fourth quarter of 2021. Net loss was $57.5 million for the fourth quarter of 2022, compared to a net loss of $64.9 million for the fourth quarter of 2021.

  • Initiated five clinical trials in 2022, including three Phase 2 programs, and provided guidance on the timing of clinical data readouts.
  • Delivered against core elements of Roche-Genentech collaboration and Bayer collaboration in 2022.
  • Continued to build-out the Recursion OS with scaled transcriptomic technologies, industry-leading hiPSC-derived cell production, and additional in-house chemistry capabilities.
  • Released RXRX3 and MolRec™.

Headline financials

Total Revenue

$13.7M

Previous: $2.53M+439.9%
EPS (adj)

-$0.31

Previous: -$0.38+18.4%
R&D Expenses

$44M

Previous: $48.3M-8.9%
G&A Expenses

$19.8M

Previous: $19.2M+3.3%
Capital Expenditures

$7.98M

Previous: $4.46M+78.7%
Free Cash Flow

-$52.7M

Previous: -$65.6M+19.7%
Net Income

-$57.5M

Previous: -$64.9M+11.5%
Operating Income

-$61M

Previous: -$65M+6.1%
Gross Profit

$2.84M

Previous: -$76K+3831.6%
Cash & Equivalents

$550M

Previous: $285M+92.9%
Total Assets

$701M

Previous: $610M+14.9%
Stock-Based Comp

$7.7M

Previous: $4.34M+77.3%

Revenue & EPS history

Recursion Pharmaceuticals · Revenue · Quarterly

$13.7M

Q4 2022+439.9%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Recursion Pharmaceuticals · $13.7M total across 1 segment · Q4 2022

  • Collaboration Revenue
    $13.7M

Forward guidance

This document contains information that includes or is based upon 'forward-looking statements' within the meaning of the Securities Litigation Reform Act of 1995, including, without limitation, those regarding early and late stage discovery, preclinical, and clinical programs; the timing of data from our studies or initiating IND studies; licenses and collaborations, including whether additional partnerships are entered into, existing partner options are exercised and the timing of such exercises; prospective products and their potential future indications and market opportunities; Recursion OS and other technologies; business and financial plans and performance; the release of an updated ESG report; and all other statements that are not historical facts.

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 Q4 2022

Historical avgQ4 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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