NASDAQ$SRRK

Scholar Rock Holding Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Scholar Rock reported second quarter 2022 financial results and corporate updates.

Scholar Rock reported a net loss of $44.0 million for the second quarter of 2022. Enrollment continues to advance in the pivotal Phase 3 SAPPHIRE trial for apitegromab in SMA. The company's cash, cash equivalents, and marketable securities were approximately $371 million as of June 30, 2022.

  • Positive 24-month data from ongoing Phase 2 TOPAZ trial extension supports potential benefit of apitegromab for patients with Types 2 and 3 Spinal Muscular Atrophy (SMA).
  • Actively enrolling in pivotal Phase 3 SAPPHIRE clinical trial for apitegromab
  • Discovery pipeline advancements made for LTBP-TGFβ1 target to treat a wide range of fibrotic diseases
  • Significantly strengthened balance sheet with the completion of $205 million registered direct offering

Headline financials

Total Revenue

$33.2M

Previous: $4.6M+622.4%
EPS (adj)

-$1.06

Previous: -$0.84-26.2%
R&D Expense

$32.1M

No prior period
G&A Expense

$11.1M

No prior period
Capital Expenditures

-$920K

Previous: -$3.3M+72.1%
Free Cash Flow

-$44.9M

Previous: -$34M-32.1%
Net Income

-$44M

Previous: -$30.7M-43.3%
Operating Income

-$43.1M

Previous: -$30.3M-42.5%
Gross Profit

$700K

Previous: $700K+0.0%
Cash & Equivalents

$306M

Previous: $207M+47.8%
Total Assets

$424M

Previous: $332M+27.7%
Stock-Based Comp

$6.79M

Previous: $6.23M+9.1%

Revenue & EPS history

Scholar Rock · Revenue · Quarterly

$33.2M

Q2 2022+622.4%vs Q2 2021
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

Scholar Rock expects that its cash, cash equivalents, and marketable securities of approximately $371 million as of June 30, 2022, will fund the Company’s anticipated operating and capital expenditure requirements into 2025.

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 Q2 2022

Historical avgQ2 2022

+3.6%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+3.5%

Avg return

30 days after

58%

18 / 31 earnings

Positive

+24.6%

Q4 2023

Best reaction

-7.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%+4.4%-6.1%
Q4 2025+2.0%+4.2%+15.0%
Q3 2025+24.1%+32.0%+55.9%
Q2 2025-6.1%-14.9%-15.1%
Q1 2025-2.6%-3.9%+3.3%
Q4 2024-2.9%+0.2%-11.3%
Q3 2024-2.7%-5.9%+48.0%
Q1 2024-3.7%-11.4%-37.4%
Q4 2023+24.6%+24.2%+5.7%
Q3 2023-1.8%-17.5%+44.2%
Q2 2023+6.3%+11.6%-3.6%
Q1 2023+4.4%-0.1%-13.6%
Q4 2022+7.2%-1.9%-15.7%
Q3 2022+10.9%+0.2%+1.5%
Q2 2022+6.9%+32.9%+5.2%
Q1 2022+7.3%-5.2%-9.7%
Q4 2021-5.1%-9.5%-8.6%
Q3 2021+16.8%+24.2%-10.4%
Q2 2021+4.8%+7.5%+4.6%
Q1 2021-2.4%+0.1%+10.6%
Q4 2020+16.8%+21.4%-40.2%
Q3 2020-1.0%+2.8%+7.7%
Q2 2020+3.9%-4.1%+5.0%
Q1 2020-4.8%+6.9%+2.2%
Q4 2019+4.3%+9.4%-1.1%
Q3 2019-7.6%-14.5%+17.0%
Q2 2019+0.8%+11.9%+19.4%
Q1 2019+6.2%+8.6%-4.9%
Q4 2018+9.8%+2.3%-7.4%
Q3 2018+2.0%-10.0%-1.6%
Q2 2018-6.7%-11.9%+51.0%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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