NASDAQ$SRRK

Scholar Rock Holding Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Scholar Rock reported a net loss of $37.5 million and revenue of $5.5 million, highlighting progress in clinical trials for apitegromab and SRK-181.

Scholar Rock reported third quarter 2021 financial results, with a net loss of $37.5 million, or $1.02 per share, compared to a net loss of $23.6 million, or $0.79 per share for the quarter ended September 30, 2020. Revenue was $5.5 million, compared to $3.0 million for the quarter ended September 30, 2020. The company is on track to initiate the Phase 3 pivotal trial evaluating apitegromab in patients with non-ambulatory Type 2 and Type 3 SMA by year-end 2021.

  • Phase 3 pivotal trial evaluating apitegromab in patients with non-ambulatory Type 2 and Type 3 SMA on track to initiate by year-end 2021.
  • Update from Part A of the DRAGON Phase 1 trial evaluating SRK-181’s ability to overcome primary resistance to checkpoint inhibitors being presented at the Society for Immunotherapy of Cancer (SITC) 36th Annual Meeting.
  • Initiated Part B dose expansion portion of the DRAGON trial.
  • U.S. patent issued providing additional product protection for SRK-181 to May 2040.

Headline financials

Total Revenue

$5.46M

Previous: $3.04M+79.9%
EPS (adj)

-$1.02

Previous: -$0.79-29.1%
Capital Expenditures

-$4.71M

Previous: -$2.11M-122.6%
Free Cash Flow

-$42.2M

Previous: -$25.7M-64.4%
Net Income

-$37.5M

Previous: -$23.6M-59.2%
Operating Income

-$37.1M

Previous: -$23.6M-57.0%
Gross Profit

$700K

Previous: -$15.3M+104.6%
Cash & Equivalents

$176M

Previous: $56.2M+213.2%
Total Assets

$298M

Previous: $163M+82.6%
Stock-Based Comp

$6.15M

Previous: $4.04M+52.5%

Revenue & EPS history

Scholar Rock · Revenue · Quarterly

$5.46M

Q3 2021+79.9%vs Q3 2020
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

Scholar Rock is well-funded to continue executing on its development programs while continuing to invest in its robust discovery platform.

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 Q3 2021

Historical avgQ3 2021

+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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