NASDAQ$TYRA

Tyra Biosciences Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Tyra Biosciences reported financial results for the fourth quarter and full year 2021, highlighting pipeline progress and a strengthened organization.

Tyra Biosciences reported a net loss of $9.9 million for the fourth quarter of 2021, compared to a net loss of $3.7 million for 2020. The company's research and development expenses were $7.2 million for the quarter, and they ended the year with $302.2 million in cash and cash equivalents.

  • Advanced TYRA-300 (FGFR3 inhibitor) and TYRA-200 (FGFR2 inhibitor) with IND submissions on track for mid-2022 and second half of 2022, respectively.
  • Strengthened the clinical team with the appointment of Allison Kemner as Vice President, Clinical Sciences and Operations.
  • Tyra Biosciences was added to the Russell 2000 Index on December 20, 2021.
  • Ended the year with $302.2 million in cash and cash equivalents.

Headline financials

EPS (adj)

-$0.24

Previous: -$0.16-46.4%
Research and Development Expense

$7.25M

No prior period
General and Administrative Expense

$2.68M

No prior period
Capital Expenditures

$105K

No prior period
Free Cash Flow

-$9.13M

No prior period
Net Income

-$9.93M

Previous: -$3.69M-169.5%
Operating Income

-$9.93M

Previous: -$3.68M-170.1%
Cash & Equivalents

$302M

No prior period
Total Assets

$307M

No prior period
Stock-Based Comp

$1.87M

No prior period

Revenue & EPS history

Tyra Biosciences · Revenue · Quarterly

$0

Q4 2025

Forward guidance

Tyra Biosciences is focused on developing purpose-built therapies to overcome tumor resistance and improve outcomes for patients with cancer. They expect to submit Investigational New Drug Applications (INDs) to the U.S. Food and Drug Administration (FDA) this year for TYRA-300 and TYRA-200.

Tailwinds

  • Potential to develop next-generation targeted therapies that improve clinical outcomes.
  • Expected IND timing for TYRA-300 and TYRA-200.
  • Progress and planned advancement of our development pipeline.
  • Expanding the nomination of clinical candidates from our FGFR3-related skeletal dysplasia, RET and FGFR4 programs.

Headwinds

  • Early in development efforts, have not tested any of our product candidates in clinical trials.
  • The approach we are taking to discover and develop drugs based on our SNÅP platform is novel and unproven.
  • Potential delays in the commencement, enrollment, and completion of preclinical studies and clinical trials.
  • Dependence on third parties in connection with manufacturing, research and preclinical testing.
  • Unexpected adverse side effects or inadequate efficacy of our product candidates that may limit their development, regulatory approval, and/or commercialization.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+2.0%

Avg return

Earnings day

+3.0%

Avg return

5 days after

-0.8%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+29.8%

Q3 2021

Best reaction

-11.5%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+1.5%+7.7%+21.8%
Q3 2025+0.3%+8.4%+50.6%
Q2 2025+0.4%-4.3%+17.0%
Q1 2025-3.1%-4.0%+2.3%
Q4 2024-0.8%-10.5%+3.9%
Q3 2024-5.9%-6.9%-8.1%
Q1 2024-3.8%+3.1%+9.7%
Q4 2023+7.0%+3.0%-9.7%
Q3 2023-6.3%-8.1%+2.5%
Q2 2023+0.9%+1.6%-3.4%
Q1 2023-3.3%+7.0%+13.1%
Q4 2022-3.3%+0.0%-9.8%
Q3 2022-7.1%+12.9%-3.1%
Q2 2022+11.1%+14.7%-24.0%
Q1 2022+0.1%-5.9%-17.8%
Q4 2021-11.5%-5.3%-6.4%
Q2 2021+29.8%+20.3%-26.6%
Q3 2021+29.8%+20.3%-26.6%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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