NASDAQ$STRO
Sutro Biopharma Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Sutro Biopharma reported its financial results, business highlights, and provided a preview of anticipated milestones.
Sutro Biopharma reported full year 2020 financial results, highlighting a net cash increase of $193.0 million during 2020 and year-end cash, cash equivalents and marketable securities of $326.5 million. The company also progressed its clinical development programs and collaborations with partners like Merck, Bristol Myers Squibb, and EMD Serono.
- Year-end 2020 cash, cash equivalents and marketable securities totaled $326.5 million, projecting runway into the second half of 2023.
- Four antibody-drug conjugate programs discovered through Sutro’s platform are now in the clinic.
- Partner EMD Serono's bispecific ADC, M1231, advanced into the clinic.
- Dosing of initial patients in dose-expansion of the Phase 1 STRO-002 study was initiated in January 2021.
Headline financials
Revenue & EPS history
Sutro · Revenue · Quarterly
$8.28M
Revenue by segment
Sutro · $14.5M total across 2 segments · Q1 2026
- Astellas Pharma Inc.$14.5M—99.9%
- Vaxcyte, Inc.$15K—0.1%
Forward guidance
Sutro Biopharma anticipates continued progress in its clinical programs and collaborations, with key milestones expected in 2021.
Tailwinds
- Continued progress in Phase 1 trial of STRO-002, with additional data expected in the first half of 2021.
- Dose-expansion portion of the Phase 1 trial for STRO-002 began enrolling patients in January 2021, with initial data expected in the second half of 2021.
- Phase 1 dose-escalation continues for STRO-001, with interim data presented at ASH in December 2020.
- Collaboration with Merck is advancing two cytokine derivative programs towards the clinic.
- Phase 1 trial for CC-99712 (BCMA-targeted ADC) continues to enroll multiple myeloma patients.
Headwinds
- The timing and results of biotechnology development and potential regulatory approval is inherently uncertain.
- The company's ability to advance its product candidates is subject to risks and uncertainties.
- The impact of the COVID-19 pandemic may affect the Company’s business, clinical trial sites, supply chain and manufacturing facilities.
- The Company's ability to fund development activities and achieve development goals is subject to risks.
- The Company's ability to protect intellectual property is subject to risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2020
-0.8%
Avg return
Earnings day
-1.3%
Avg return
5 days after
+3.4%
Avg return
30 days after
42%
13 / 31 earnings
Positive
+22.2%
Q4 2023
Best reaction
-29.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +2.8% | -1.6% | — | |
| Q1 2026 | -3.1% | -20.2% | -27.0% | |
| Q3 2025 | -15.8% | -13.8% | -7.9% | |
| Q2 2025 | -2.1% | -4.9% | +29.3% | |
| Q1 2025 | -3.8% | -1.1% | -3.3% | |
| Q4 2024 | -11.7% | -20.3% | +21.6% | |
| Q3 2024 | -15.4% | -32.6% | -48.0% | |
| Q2 2024 | +10.8% | +29.9% | +37.3% | |
| Q1 2024 | +4.6% | -3.4% | -6.0% | |
| Q4 2023 | +22.2% | +65.2% | +1.5% | |
| Q3 2023 | +13.9% | +29.3% | +88.9% | |
| Q2 2023 | +0.9% | +1.2% | +7.1% | |
| Q1 2023 | +1.6% | -4.1% | -5.3% | |
| Q4 2022 | -3.1% | -9.6% | -10.7% | |
| Q3 2022 | -2.5% | -3.7% | +4.6% | |
| Q2 2022 | +14.6% | +23.1% | -2.4% | |
| Q1 2022 | -6.8% | -19.6% | -19.2% | |
| Q4 2021 | -2.5% | -8.0% | -8.3% | |
| Q3 2021 | -5.3% | -11.3% | -32.2% | |
| Q2 2021 | -0.2% | +2.3% | +12.4% | |
| Q1 2021 | +8.3% | +9.7% | -0.5% | |
| Q4 2020 | +4.2% | -3.7% | -16.5% | |
| Q3 2020 | +17.8% | +12.4% | +62.7% | |
| Q2 2020 | +1.7% | +1.0% | +48.9% | |
| Q1 2020 | -9.8% | -8.1% | +0.4% | |
| Q4 2019 | -29.4% | -19.9% | -3.4% | |
| Q3 2019 | -1.1% | -1.2% | -7.5% | |
| Q2 2019 | -7.0% | -3.8% | +19.6% | |
| Q1 2019 | -7.6% | -7.9% | +1.8% | |
| Q4 2018 | +5.4% | -1.2% | -12.6% | |
| Q3 2018 | -5.0% | -13.1% | -23.2% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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