NYSE$RCUS
Arcus Biosciences Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Arcus Biosciences reported financial results and provided a pipeline update.
Arcus Biosciences reported fourth-quarter and full-year 2022 financial results. The company's cash, cash equivalents, and marketable securities were $1.1 billion. Revenues were $34 million for the fourth quarter 2022, and net loss was $67 million.
- Arcus established itself as a late-stage company and made tremendous progress in the advancement of its pipeline.
- Arcus initiated multiple registrational Phase 3 studies evaluating domvanalimab-based combinations versus standard of care.
- Arcus advanced AB521, its HIF-2a inhibitor, into a Phase 1/1b study in patients.
- Arcus expects multiple Phase 1b and Phase 2 clinical readouts and advancement into the clinic of at least two new drug candidates in 2023.
Headline financials
Revenue & EPS history
Arcus Biosciences · Revenue · Quarterly
$34M
Revenue by segment
Arcus Biosciences · $8M total across 1 segment · Q4 2022
- Other collaboration$8M—100.0%
Forward guidance
Arcus expects cash utilization for 2023 to be between $300 million and $350 million. Its cash, cash equivalents and marketable securities on-hand is expected to be sufficient to fund operations into 2026.
Tailwinds
- Updated analysis of the ARC-7 study is expected to be presented at the ASCO Annual Meeting in June 2023.
- Data from the randomized cohort of ARC-6 are expected in 2023.
- Data from ARC-9 are expected in 2023.
- Arcus and Gilead expect PFS and OS data from all 90 patients in the ongoing Phase 1/1b ARC-8 trial in the first half of 2023.
- Initial data from ARC-20 are anticipated in late 2023 or early 2024.
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 Q4 2022
+2.4%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+6.7%
Avg return
30 days after
59%
19 / 32 earnings
Positive
+19.2%
Q4 2021
Best reaction
-7.9%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -2.6% | -5.6% | |
| Q4 2025 | -4.0% | +10.7% | +0.0% | |
| Q3 2025 | -1.1% | +2.7% | +28.9% | |
| Q1 2025 | -1.2% | +8.4% | +22.8% | |
| Q4 2024 | -1.0% | -7.3% | -18.4% | |
| Q3 2024 | +7.7% | +16.1% | +13.1% | |
| Q2 2024 | +11.5% | +11.7% | +12.3% | |
| Q1 2024 | +3.8% | +10.6% | -0.4% | |
| Q4 2023 | +18.5% | +18.4% | -1.0% | |
| Q3 2023 | +2.8% | -13.0% | +0.4% | |
| Q2 2023 | -3.0% | -4.3% | +18.3% | |
| Q1 2023 | -5.2% | -6.9% | +9.0% | |
| Q4 2022 | -4.0% | +0.6% | -3.7% | |
| Q3 2022 | -2.2% | -7.9% | +43.2% | |
| Q2 2022 | +6.0% | +7.9% | -2.1% | |
| Q1 2022 | +11.9% | -9.7% | +10.1% | |
| Q4 2021 | +19.2% | +24.6% | +20.4% | |
| Q3 2021 | +11.4% | +9.1% | +26.5% | |
| Q2 2021 | -7.3% | -2.5% | +13.7% | |
| Q1 2021 | -7.9% | -11.7% | -23.4% | |
| Q4 2020 | +2.9% | +10.3% | -1.7% | |
| Q3 2020 | -7.1% | +3.8% | +33.1% | |
| Q2 2020 | +2.3% | +8.1% | -1.1% | |
| Q1 2020 | -0.7% | +11.4% | +11.3% | |
| Q4 2019 | +7.1% | -2.6% | -19.8% | |
| Q3 2019 | +1.6% | -6.3% | -3.2% | |
| Q2 2019 | +1.8% | +10.3% | +18.2% | |
| Q1 2019 | +4.9% | +9.1% | -15.5% | |
| Q4 2018 | -6.8% | +11.6% | -3.7% | |
| Q3 2018 | +8.9% | -1.1% | +8.0% | |
| Q2 2018 | +2.2% | +7.5% | +19.0% | |
| Q1 2018 | +2.9% | -1.1% | +6.9% | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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