NASDAQ$TPST

Tempest Therapeutics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Tempest Therapeutics reported financial results for the third quarter ended September 30, 2021.

Tempest Therapeutics reported a net loss of $8.1 million, or $1.21 per share, for the third quarter of 2021. The company ended the quarter with $59.8 million in cash and cash equivalents. Research and development expenses were $4.6 million, and general and administrative expenses were $3.1 million.

  • Dosed first patients in first line, randomized, global Phase 1b/2 hepatocellular carcinoma (HCC) study of TPST-1120 combination regimen, in collaboration with F. Hoffmann La Roche.
  • In-licensed exclusive rights to novel oncology target from the lab of Russell Vance, Ph.D., at the University of California at Berkeley (U.C. Berkeley).
  • Continued enrollment in TPST-1495 monotherapy dose optimization towards recommended Phase 2 dose.
  • Commenced first line, randomized global Phase 1b/2 study in HCC patients, under a collaboration with F. Hoffmann La Roche for TPST-1120.

Headline financials

Total Revenue

$0.00

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

-$1.21

No prior period
Capital Expenditures

$24K

Previous: -$26K+192.3%
Free Cash Flow

-$11.8M

Previous: -$6.4M-84.6%
Net Income

-$8.1M

Previous: -$6.37M-27.1%
Operating Income

-$7.74M

Previous: -$6.06M-27.7%
Cash & Equivalents

$59.8M

Previous: $43.2M+38.4%
Total Assets

$67.1M

Previous: $48.8M+37.5%

Revenue & EPS history

Tempest · Revenue · Quarterly

$0

Q3 2021-100%vs Q3 2020

Forward guidance

Tempest expects to have sufficient resources to fund operations into the second 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 2021

Historical avgQ3 2021

-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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