NASDAQ$SYRE

Spyre Therapeutics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Aeglea BioTherapeutics reported financial results for the third quarter ended September 30, 2022 and provided program updates.

Aeglea BioTherapeutics reported $75.2 million in cash as of September 30, 2022. The company recognized development fee revenues of $0.2 million in the third quarter of 2022. Research and development expenses totaled $12.0 million and general and administrative expenses totaled $7.0 million for the third quarter of 2022. Net loss totaled $18.2 million for the third quarter of 2022.

  • Prioritized pegtarviliase program to optimize resources and maximize success.
  • Ongoing enrollment of cohort 3 in Phase 1/2 trial of pegtarviliase for Classical Homocystinuria.
  • Marketing Authorization Application for pegzilarginase for Arginase 1 Deficiency submitted by Immedica is under review by the EMA.
  • Corporate restructuring announced to prioritize resources and focus on the pegtarviliase program while reducing expenses.

Headline financials

Total Revenue

$174K

Previous: $1.4M-87.6%
EPS (adj)

-$4.75

Previous: -$7.75+38.7%
Cash Runway

1.25

No prior period
Capital Expenditures

-$38K

Previous: -$573K+93.4%
Free Cash Flow

-$18.3M

Previous: -$20.9M+12.5%
Net Income

-$18.2M

Previous: -$20.3M+10.2%
Operating Income

-$18.8M

Previous: -$20.3M+7.6%
Gross Profit

$174K

Previous: $1.4M-87.6%
Cash & Equivalents

$39M

Previous: $24.7M+58.1%
Total Assets

$91.6M

Previous: $129M-29.1%
Stock-Based Comp

$1.57M

Previous: $2.11M-25.7%

Revenue & EPS history

Spyre · Revenue · Quarterly

$174K

Q3 2022-87.6%vs Q3 2021
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

Aeglea expects its cash, cash equivalents and marketable securities will enable it to fund its operating expenses and capital expenditure requirements into the fourth quarter of 2023.

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

-0.4%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.3%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+14.6%

Q4 2023

Best reaction

-10.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%+7.6%+3.6%
Q3 2025+0.5%+4.6%+49.4%
Q1 2025-2.0%-0.7%+13.2%
Q4 2024+7.2%+6.0%-2.3%
Q3 2024+5.6%-4.4%-27.7%
Q2 2024-3.0%-6.6%+7.4%
Q1 2024+11.8%+19.0%+2.0%
Q4 2023+14.6%+44.3%+45.3%
Q3 2023-2.2%+10.8%+102.2%
Q2 2023-10.3%-12.0%+6.7%
Q1 2023-6.6%-9.1%-18.3%
Q4 2022-0.3%+2.0%-26.6%
Q3 2022-9.0%+3.7%-59.0%
Q2 2022+7.7%+5.9%+33.3%
Q1 2022-10.9%-5.8%-60.0%
Q4 2021+0.4%-14.6%+14.2%
Q3 2021-5.4%-5.8%-22.5%
Q2 2021-0.6%-3.3%+12.1%
Q1 2021+2.2%+4.4%-8.1%
Q4 2020+1.7%+9.7%+5.3%
Q3 2020+4.5%+22.1%+3.5%
Q2 2020-6.7%-4.7%+3.2%
Q1 2020+10.6%-4.5%+24.0%
Q4 2019-8.3%-13.2%-40.2%
Q3 2019-4.3%-2.2%-4.1%
Q2 2019-4.1%-3.8%-0.5%
Q1 2019-1.9%-2.1%-8.7%
Q4 2018-0.7%+3.1%+8.8%
Q3 2018+0.2%-13.0%-13.3%
Q2 2018+4.8%+1.2%-3.4%
Q1 2018+3.5%+0.6%+4.0%
Q4 2017-1.4%+23.7%+20.5%
Q3 2017-4.9%+4.5%+0.0%
Q2 2017-6.3%-7.2%+34.8%
Q1 2017-2.2%-2.0%-43.4%
Q4 2016-4.4%-6.9%-8.7%
Q3 2016-1.2%+1.3%-7.5%
Q2 2016+1.1%-1.9%+48.2%
Q1 2016+0.7%

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