NASDAQ$TPST

Tempest Therapeutics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2022 and provided a corporate update.

Tempest Therapeutics reported a net loss of $8.5 million, or $1.18 per share, for the quarter ended March 31, 2022. The company ended the quarter with $45.8 million in cash and cash equivalents.

  • Presented TPST-1120 Phase 1 monotherapy and combination therapy data at ASCO.
  • Presented positive preclinical data for TPST-1495 at AACR.
  • Presented positive preclinical data with proprietary small molecule TREX1 inhibitors at AACR.
  • Completed enrollment in the Phase 1 monotherapy and combination dose escalation arms for TPST-1120.

Headline financials

Total Revenue

$0.00

Previous: $87K-100.0%
EPS (adj)

-$1.18

Previous: -$10.55+88.8%
Capital Expenditures

$3K

Previous: $14K-78.6%
Free Cash Flow

-$7.11M

Previous: -$8.39M+15.2%
Net Income

-$8.5M

Previous: -$8.39M-1.3%
Operating Income

-$8.16M

Previous: -$8.56M+4.7%
Cash & Equivalents

$45.8M

Previous: $26.8M+70.9%
Total Assets

$67M

Previous: $31.7M+111.2%

Revenue & EPS history

Tempest · Revenue · Quarterly

$0

Q1 2022-100%vs Q1 2021

Forward guidance

The company anticipates several near-term milestones for its clinical programs.

Tailwinds

  • First presentation of clinical data from TPST-1120 at ASCO 2022 Annual Meeting.
  • Objective response data from the first 40 HCC patients in the first-line randomized study expected by year end or early 2023 for TPST-1120.
  • Selection of monotherapy RP2D expected in the first half of 2022 for TPST-1495.
  • Presentation of “trial in progress” poster at ASCO 2022 Annual Meeting for TPST-1495.
  • Planned selection of TREX1 Inhibitor development candidate in the second half of 2022.

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 Q1 2022

Historical avgQ1 2022

-2.1%

Avg return

Earnings day

-3.1%

Avg return

5 days after

-10.2%

Avg return

30 days after

34%

12 / 35 earnings

Positive

+15.8%

Q2 2022

Best reaction

-41.3%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.2%+4.5%-36.2%
Q3 2025-3.2%-3.3%-68.6%
Q2 2025+10.0%+31.5%+33.7%
Q1 2025-2.6%-8.2%+0.7%
Q4 2024+5.9%-9.5%-28.9%
Q3 2024-11.5%-19.1%-24.1%
Q2 2024-16.8%-21.4%-11.4%
Q1 2024-5.5%-2.0%-10.4%
Q4 2023-3.1%-5.9%-18.1%
Q3 2023+6.1%+11.7%+3.6%
Q2 2023+7.2%+13.5%-29.1%
Q1 2023+3.4%+6.3%-42.0%
Q4 2022+10.2%+8.1%+80.3%
Q3 2022-12.1%-11.5%-14.0%
Q2 2022+15.8%+18.2%+5.1%
Q1 2022+5.9%+12.9%-2.2%
Q4 2021-3.6%-18.8%-12.4%
Q3 2021-2.5%-7.8%-35.5%
Q2 2021-0.1%-6.3%+6.3%
Q1 2021-0.8%-1.6%-10.2%
Q4 2020-41.3%-41.7%-46.3%
Q3 2020-1.3%-1.3%+28.2%
Q2 2020-2.6%-3.6%-17.7%
Q1 2020-4.7%+0.0%+32.0%
Q3 2019-2.7%+1.2%-21.1%
Q2 2019-0.5%-7.4%-23.2%
Q1 2019+2.6%+0.9%-21.2%
Q3 2018-5.2%-13.0%-10.0%
Q2 2018-14.4%-8.9%-15.6%
Q1 2018+0.7%+0.7%-4.7%
Q3 2017-4.6%-2.9%-0.7%
Q2 2017+3.1%-2.5%-12.3%
Q1 2017-0.4%-1.8%-8.1%
Q3 2016-6.8%-31.6%-35.4%
Q2 2016-0.5%+11.2%+12.7%
Q1 2016
Q3 2015
Q2 2015
Q1 2015

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