Bicycle Therapeutics Q1 2024 Earnings Report

Bicycle Therapeutics EPS Results

• Actual EPS: -$0.62
• Consensus EPS: -$1.25
• Beat/Miss: Beat by +$0.63
• One Year Ago EPS: N/A

Bicycle Therapeutics Revenue Results

• Actual Revenue: $19.53 million
• Expected Revenue: $6.06 million
• Beat/Miss: Beat by +$13.47 million
• YoY Revenue Growth: +298.90%

Bicycle Therapeutics Announcement Details

• Quarter: Q1 2024
• Date: 5/2/2024
• Time: Before Market Opens
• Conference Call Date: Thursday, May 2, 2024
• Conference Call Time: 7:00AM ET

Bicycle Therapeutics (NASDAQ:BCYC), a clinical-stage biopharmaceutical company, develops a class of medicines for diseases that are underserved by existing therapeutics in the United States and the United Kingdom. Its product pipeline comprising BT8009, a bicycle toxin conjugate (BTC) which is in phase I/II/III clinical trial for the treatment of high nectin-4 expressing tumors; BT5528, a BTC which is in phase I/II clinical trial for the treatment of Ephrin type A receptor 2 expressing tumor; BT7480, a Bicycle TICA molecule which is in phase I/II targeting Nectin-4 and agonizing CD137; and BT7455, a Bicycle TICA molecule targeting Ephrin type A receptor 2 and CD137 and is in preclinical trial. The company also developing BT1718, a bicycle toxin conjugate (BTC), which is in Phase I/IIa clinical trials targeting tumors that express Membrane Type 1 matrix metalloprotease; and BT7401, a multivalent bicycle CD137 agonist which is in phase IIa to treat advanced solid tumors. In addition, it develops Novel anti-infective, which is in preclinical trial targeting anti-infectives disease; CNS targets, which is in preclinical trial targeting CNS disease; and Novel neuromuscular targets, which is in preclinical trial targeting neuromuscular disease. Further, the company collaborates with biopharmaceutical companies and organizations to develop programs in therapeutic areas. It has collaboration and license agreement with Bayer Consumer Care AG; Novartis Pharma AG; Cancer Research UK; Cancer Research Technology Ltd; and Oxurion NV. Bicycle Therapeutics plc was incorporated in 2009 and is headquartered in Cambridge, the United Kingdom.