NASDAQ$STRO
Sutro Biopharma Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Sutro reported full year 2023 financial results with business highlights and anticipated milestones.
Sutro Biopharma reported its full year 2023 financial results, highlighting the initiation of the REFRαME-O1 study of luvelta and the advancement of earlier stage programs. The company also strengthened its management team and cash position.
- Initiated REFRαME-O1, a registration-directed study of luvelta for platinum-resistant ovarian cancer (PROC) patients.
- Advanced earlier stage programs.
- Strengthened management team with the promotion of Jane Chung to President and Chief Operating Officer.
- Bolstered cash position with additional non-dilutive capital.
Headline financials
Revenue & EPS history
Sutro · Revenue · Quarterly
$114M
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 anticipates continuing momentum in 2024 with the initiation of a second registration-directed trial with luvelta, REFRαME-P1, for pediatric patients with CBF/GLIS AML, and two additional planned INDs.
Tailwinds
- Initiation of REFRαME-P1 trial for pediatric patients with CBF/GLIS AML planned.
- Two additional INDs planned.
- Continued clinical development planned in combination with bevacizumab for the treatment of ovarian cancer.
- Continued clinical development planned in combination with bevacizumab for the treatment of endometrial cancer.
- IND submission planned for STRO-003, a ROR1-targeting ADC, in 2024.
Headwinds
- Current market conditions provide a challenging financing environment.
- Evaluating programs and spending.
- Potential delays in clinical trial enrollment.
- Uncertainties in regulatory approvals.
- Risks related to commercial collaborations with third parties.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
-0.8%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+6.4%
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 |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -20.2% | — | |
| Q4 2025 | +2.8% | +14.5% | +63.3% | |
| 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 | — | — | — |
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