NASDAQ$TCRX

Tscan Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

TScan Therapeutics reported its financial results for Q4 2022 and highlighted upcoming milestones.

TScan Therapeutics reported a revenue of $3.1 million and a net loss of $18.7 million for the fourth quarter of 2022. The company ended the year with $120.0 million in cash and cash equivalents, expected to fund operations into Q2 2024.

  • Phase 1 umbrella trial for TSC-100 and TSC-101 in hematologic malignancies is on track.
  • Primary IND (T-Plex) clearance supports the concomitant use of multiple TCRs for solid tumor trials.
  • Ended 2022 with $120.0 million in cash and cash equivalents, funding operations into Q2 2024.
  • Three IND applications filed with the FDA for solid tumor program in December 2022 have been cleared.

Headline financials

Total Revenue

$3.1M

Previous: $2.85M+8.5%
EPS (adj)

-$0.78

Previous: $0.38-305.3%
Capital Expenditures

$1.38M

Previous: $2.21M-37.7%
Free Cash Flow

-$17.4M

Previous: -$16.6M-4.8%
Net Income

-$18.7M

Previous: -$14.2M-31.9%
Operating Income

-$18.6M

Previous: -$14.2M-31.3%
Gross Profit

-$1.48M

Previous: $1.71M-186.6%
Cash & Equivalents

$120M

Previous: $161M-25.7%
Total Assets

$199M

Previous: $188M+5.8%
Stock-Based Comp

$1.3M

Previous: $784K+65.4%

Revenue & EPS history

Tscan Therapeutics · Revenue · Quarterly

$3.1M

Q4 2022+8.5%vs Q4 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Tscan Therapeutics · $3.1M total across 1 segment · Q4 2022

  • Collaboration & License
    $3.1M-69.4%

Forward guidance

TScan Therapeutics anticipates several milestones in its hematologic malignancies and solid tumor programs, including enrolling patients, reporting clinical data, and expanding the ImmunoBank.

Tailwinds

  • Expects to enroll patients in all three arms in the Phase 1 umbrella trial for TSC-100 and TSC-101 and start reporting preliminary safety and biomarker data mid-year 2023.
  • Expects to reach the recommended Phase 2 dose for TSC-100 and TSC-101 and report interim clinical data for the program by the end of 2023.
  • Anticipate further expansion of the ImmunoBank by filing INDs for four TCRs throughout 2023.
  • Anticipate sharing preliminary safety and biomarker data for the most advanced TCRs by the end of 2023.
  • The Company expects to report initial multiplex therapy data for its first combination of TCRs under T-Plex in the first half of 2024.

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 2022

Historical avgQ4 2022

+1.6%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-5.7%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+32.4%

Q1 2023

Best reaction

-18.2%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-3.3%-18.9%
Q4 2025+4.9%+19.8%-2.4%
Q3 2025+0.8%-20.5%-17.2%
Q2 2025+3.1%+11.8%+14.9%
Q1 2025-4.6%+0.8%+18.3%
Q4 2024+2.6%+7.7%-7.1%
Q3 2024-7.9%-22.6%-47.0%
Q2 2024-1.0%-3.0%-3.9%
Q1 2024+16.3%+16.2%+14.9%
Q4 2023+1.6%-6.7%+0.9%
Q3 2023+3.0%+14.9%+50.8%
Q2 2023-4.2%-2.3%+12.1%
Q1 2023+32.4%+18.5%-14.4%
Q4 2022-8.5%-23.0%-33.3%
Q3 2022-0.4%+3.9%-20.6%
Q2 2022-10.8%-18.8%-20.5%
Q1 2022+10.6%+38.3%+80.0%
Q4 2021+7.8%-1.6%-37.8%
Q3 2021+2.2%-4.4%-28.0%
Q2 2021-18.2%-21.7%-53.7%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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