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Jun 30, 2020

CRISPR Therapeutics Q2 2020 Earnings Report

CRISPR Therapeutics reported financial results for the second quarter ended June 30, 2020.

Key Takeaways

CRISPR Therapeutics reported a net loss of $79.7 million for the second quarter of 2020, with total collaboration revenue of less than $0.1 million. Cash and cash equivalents were $945.1 million as of June 30, 2020.

Dosing re-initiated in clinical trials of CTX001 for patients with severe hemoglobinopathies.

CTX001 received orphan drug designation from the U.S. FDA for sickle cell disease (SCD).

Expanded regenerative medicine portfolio through a collaboration with University Health Network (UHN), gaining access to hepatocytes.

Company expects to report data from its CTX001 program targeting hemoglobinopathies and its CTX110 program later this year.

Total Revenue
$44K
Previous year: $318K
-86.2%
EPS
-$1.3
Previous year: -$1.01
+28.7%
R&D Expenses
$59.4M
G&A Expenses
$21.4M
Gross Profit
-$59.3M
Previous year: -$39.2M
+51.3%
Cash and Equivalents
$945M
Previous year: $428M
+120.9%
Free Cash Flow
-$32.9M
Previous year: -$38.6M
-14.7%
Total Assets
$1.05B
Previous year: $494M
+111.7%

CRISPR Therapeutics

CRISPR Therapeutics

CRISPR Therapeutics Revenue by Segment