NASDAQ$SRRK

Scholar Rock Holding Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Scholar Rock reported financial results and corporate updates

Scholar Rock reported a net loss of $43.3 million, with revenue at $0 for Q3 2022. The company's cash, cash equivalents, and marketable securities were approximately $343.7 million as of September 30, 2022.

  • Presented 24-month apitegromab data on quality-of life-measures from the TOPAZ trial and SRK-181 data from DRAGON trial at major medical/scientific congresses
  • Announced key leadership appointments, including Jay Backstrom as President & CEO and Jing L. Marantz as Chief Medical Officer.
  • Amended existing debt facility with Oxford Finance and Silicon Valley Bank, providing an additional $25 million of capacity and extending interest-only period and loan maturity date
  • Continued enrollment of the Phase 3 SAPPHIRE clinical trial and ongoing enrollment in DRAGON Part B.

Headline financials

Total Revenue

$33.2M

Previous: $5.46M+507.5%
EPS (adj)

-$0.55

Previous: -$1.02+46.1%
Capital Expenditures

-$947K

Previous: -$4.71M+79.9%
Free Cash Flow

-$44.2M

Previous: -$42.2M-4.8%
Net Income

-$43.3M

Previous: -$37.5M-15.4%
Operating Income

-$43.9M

Previous: -$37.1M-18.3%
Gross Profit

$700K

Previous: $700K+0.0%
Cash & Equivalents

$133M

Previous: $176M-24.4%
Total Assets

$390M

Previous: $298M+30.8%
Stock-Based Comp

$7.92M

Previous: $6.15M+28.6%

Revenue & EPS history

Scholar Rock · Revenue · Quarterly

$33.2M

Q3 2022+507.5%vs Q3 2021
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

Scholar Rock is well funded to advance its pipeline through key milestones, including completing the topline data readout from the SAPPHIRE study and progressing Part B of the DRAGON trial.

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 2022

Historical avgQ3 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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