NASDAQ$VSTM

Verastem Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Presented promising activity of VS-6766 and Defactinib combination data in KRAS mutant solid tumors.

Verastem Oncology highlighted the potential of VS-6766 and Defactinib combination therapy, particularly in KRAS mutant cancers like LGSOC and NSCLC. Clinical data showed encouraging response rates and durability, especially in KRAS G12V variants. The company aims to initiate a registration-directed study in LGSOC in 2020 and expand cohorts in ongoing Phase 1 combination studies.

  • VS-6766 inhibits both MEK & RAF kinase activities, potentially enhancing therapeutic activity.
  • Defactinib, a selective FAK inhibitor, addresses resistance mechanisms activated by MEK inhibitors.
  • The combination of VS-6766 and defactinib demonstrated a 67% ORR in KRAS mutant LGSOC patients.
  • Clinical data showed promising results in heavily pre-treated refractory patients with KRAS mutant NSCLC.

Headline financials

Total Revenue

$5.06M

Previous: $1.67M+202.6%
EPS (adj)

-$2.40

Previous: -$6.24+61.5%
Cash Runway Year

2.0K

No prior period
Free Cash Flow

-$38M

Previous: -$38.2M+0.6%
Net Income

-$38M

Previous: -$38.1M+0.3%
Operating Income

-$26.4M

Previous: -$34.7M+24.0%
Gross Profit

-$392K

Previous: $1.51M-125.9%
Cash & Equivalents

$135M

Previous: $91.5M+47.6%
Total Assets

$208M

Previous: $243M-14.5%
Stock-Based Comp

$1.37M

Previous: $2.25M-39.1%

Revenue & EPS history

Verastem · Revenue · Quarterly

$5.06M

Q1 2020+202.6%vs Q1 2019
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Forward guidance

Verastem Oncology is focused on advancing the clinical development of VS-6766 in combination with defactinib, particularly in LGSOC and KRAS G12V NSCLC. The company aims to initiate a registration-directed study in LGSOC in 2020 and complete expansion cohorts in ongoing Phase 1 combination studies. Verastem will also explore BRAFm-driven indications and combinations with KRAS-G12Ci and anti-PD-1 therapies.

Tailwinds

  • Initiate LGSOC registration-directed study in 2020
  • Complete expansion cohorts in ongoing investigator initiated Phase 1 combination study
  • Focus on KRAS - G12V & G12D expansion cohorts in NSCLC & pancreatic
  • Explore BRAFm - driven indications
  • Pursue combinations with KRAS - G12Ci & anti - PD - 1

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 2020

Historical avgQ1 2020

-1.0%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+7.3%

Avg return

30 days after

44%

24 / 54 earnings

Positive

+26.9%

Q4 2021

Best reaction

-54.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.2%-23.0%-38.4%
Q4 2025+6.2%+10.0%-3.1%
Q3 2025-2.9%+3.6%+27.0%
Q2 2025+19.9%+42.7%+91.6%
Q1 2025+0.0%-1.4%-25.7%
Q4 2024-2.5%-6.2%-15.8%
Q3 2024-3.7%+19.3%+51.1%
Q2 2024+5.9%+12.2%+8.1%
Q1 2024+3.9%+15.4%-70.2%
Q4 2023+2.4%+5.3%+5.2%
Q3 2023-5.5%-9.6%+4.2%
Q2 2023-2.2%-4.0%-3.8%
Q1 2023+2.4%-4.8%+121.4%
Q4 2022-4.4%+2.2%-13.3%
Q3 2022+0.0%+2.6%+12.8%
Q2 2022+1.7%+6.7%+2.5%
Q1 2022-4.0%-14.3%+13.5%
Q4 2021+26.9%+20.2%+26.9%
Q3 2021-3.5%-3.9%-15.1%
Q2 2021-10.8%-5.6%-17.0%
Q1 2021-5.1%-0.3%+49.2%
Q4 2020+2.5%-0.4%+12.6%
Q3 2020+17.2%+26.2%+91.8%
Q2 2020-2.0%-0.7%-20.3%
Q1 2020-54.5%-57.6%-57.6%
Q4 2019-38.3%-45.3%+0.7%
Q3 2019-18.8%-18.0%-0.8%
Q2 2019-6.7%-9.3%-16.0%
Q1 2019-31.7%-24.6%-37.2%
Q4 2018+12.8%+4.7%-8.4%
Q3 2018+12.4%-0.2%-12.8%
Q2 2018+12.7%+4.8%+16.9%
Q1 2018-2.3%-3.9%+21.4%
Q4 2017-4.8%-8.5%+14.6%
Q3 2017-6.5%-2.3%+11.8%
Q2 2017-7.0%-21.4%+29.0%
Q1 2017+15.5%+17.0%+3.4%
Q4 2016+14.5%+31.0%+29.7%
Q3 2016+0.0%+10.6%+4.4%
Q2 2016-0.7%-4.4%-1.5%
Q1 2016+2.1%
Q4 2015+8.7%
Q3 2015-0.9%
Q2 2015+11.1%
Q1 2015+2.3%
Q4 2014+0.3%
Q3 2014+0.9%
Q2 2014-3.2%
Q1 2014+0.7%
Q4 2013+0.7%
Q3 2013-5.3%
Q2 2013+0.1%
Q1 2013-0.3%
Q1 2012-2.5%
Q3 2011
Q2 2011
Q1 2011

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro