Item 2.02 Results of Operations and Financial Condition.
On January 10, 2023, Revolution Medicines, Inc. (the "Company") confirmed to
investors that it continues to expect that its net loss for the year ended
December 31, 2022 to be between $245 million and $265 million, which includes
estimated non-cash stock-based compensation expense of approximately $30 million
to $35 million.
The information furnished under this Item 2.02 of this Current Report on Form
8-K shall not be deemed "filed" under the Securities Act of 1934, as amended
(the "Exchange Act"), nor shall it be incorporated by reference into any future
filings under the Securities Act of 1933, as amended (the "Securities Act"), or
under the Exchange Act unless the Company expressly sets forth in such future
filing that such information is to be considered "filed" or incorporated by
reference therein.
Item 7.01 Regulation FD Disclosure.
On January 10, 2023, the Company provided a corporate presentation relating to
its research and development programs by posting an additional corporate
presentation to the investor section of the Company's website at:
ir.revmed.com/events-and-presentations. The Company's additional corporate
presentation is attached hereto as Exhibit 99.1.
The furnishing of the attached presentation is not an admission as to the
materiality of any information therein. The information contained in the slides
is summary information that is intended to be considered in the context of more
complete information included in the Company's filings with the U.S. Securities
and Exchange Commission (the "SEC") and other public announcements that the
Company has made and may make from time to time by press release or otherwise.
The Company undertakes no duty or obligation to update or revise the information
contained in this Current Report on Form 8-K, although it may do so from time to
time as its management believes is appropriate. Any such updating may be made
through the filing of other reports or documents with the SEC, through press
releases or through other public disclosures. For important information about
forward looking statements, see the slide titled "Legal Disclaimer" in Exhibit
99.1 attached hereto.
The information furnished under this Item 7.01 and in the presentation attached
as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed "filed"
for purposes of Section 18 of the Exchange Act or otherwise subject to the
liabilities of that section or Sections 11 or 12(a)(2) of the Securities Act.
The information contained in this Item 7.01 and in the presentation attached as
Exhibit 99.1 to this Current Report on Form 8-K shall not be incorporated by
reference into any filing with the SEC made by the Company, whether made before
or after the date hereof, regardless of any general incorporation language in
such filing.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any
statements in this report that are not historical facts may be considered
"forward-looking statements," including, without limitation, statements
regarding the Company's expected net loss and stock-based compensation expense.
Forward-looking statements are typically, but not always, identified by the use
of words such as "may," "will," "would," "believe," "intend," "plan,"
"anticipate," "estimate," "expect" and other similar terminology indicating
future results. Such forward-looking statements are subject to substantial risks
and uncertainties that could cause the Company's development programs, future
results, performance or achievements to differ materially from those anticipated
in the forward-looking statements. Such risks and uncertainties include, without
limitation, risks and uncertainties inherent in the drug development process,
including the Company's programs' early stage of development, the process of
designing and conducting preclinical and clinical trials, the regulatory
approval processes, the timing of regulatory filings, the challenges associated
with manufacturing drug products, the Company's ability to successfully
establish, protect and defend its intellectual property, other matters that
could affect the sufficiency of the Company's capital resources to fund
operations, reliance on third parties for manufacturing and development efforts,
changes in the competitive landscape and the effects on the Company's business
of the COVID-19 pandemic, global events and other macroeconomic conditions. For
a further description of the risks and uncertainties that could cause actual
results to differ from those anticipated in these forward-looking statements, as
well as risks relating to the business of the Company in general, see the
Company's Quarterly Report on Form 10-Q filed with the SEC on November 7, 2022,
and its future periodic reports to be filed with the SEC. Except as required by
law, the Company undertakes no obligation to update any forward-looking
statements to reflect new information, events or circumstances, or to reflect
the occurrence of unanticipated events.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Description
No.
99.1 Company presentation dated January 10, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses