NASDAQ$CRIS

Curis Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Curis reported first quarter 2024 financial results and business update.

Curis reported a net loss of $11.9 million, or $2.05 per share, for the first quarter of 2024. Revenues were $2.1 million, consisting of royalty revenues from Genentech/Roche's sales of Erivedge®. The company's cash, cash equivalents, and investments totaled $40.7 million as of March 31, 2024, and expects its existing resources will enable planned operations into 2025.

  • Topline update of clinical data from the TakeAim Leukemia study of emavusertib monotherapy in R/R AML patients to be released May 14, 2024.
  • Curis to present additional patient data in R/R AML patients with targeted mutations at ASCO and EHA conferences.
  • Updated clinical data from the TakeAim Leukemia study in mid-year 2024 and TakeAim Lymphoma study in late 2024.
  • Initial safety data from the frontline triplet combination study of emavusertib with azacitidine and venetoclax in patients with AML in late 2024.

Headline financials

Total Revenue

$2.09M

Previous: $2.3M-9.2%
EPS

-$2.05

Previous: -$2.40+14.6%
Research and Development Expenses

$9.62M

No prior period
General and Administrative Expenses

$4.89M

No prior period
Total Other Income (Expense)

$593K

No prior period
Weighted Average Common Shares

5.8M

No prior period
Capital Expenditures

$0.00

Previous: $0.00
Free Cash Flow

-$11.9M

Previous: -$11.6M-2.7%
Net Income

-$11.9M

Previous: -$11.6M-2.7%
Operating Income

-$12.5M

Previous: -$11.6M-7.2%
R&D Expense

$9.62M

No prior period
Stock-Based Comp

$1.56M

Previous: $1.4M+11.8%

Revenue & EPS history

Curis · Revenue · Quarterly

$2.09M

Q1 2024-9.2%vs Q1 2023
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Curis · $2.9M total across 1 segment · Q4 2022

  • Royalties
    $2.9M-8.1%

Forward guidance

Curis expects its existing cash, cash equivalents and investments will enable its planned operations into 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.7%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+14.9%

Avg return

30 days after

37%

23 / 63 earnings

Positive

+46.2%

Q4 2017

Best reaction

-26.3%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-3.3%-4.6%
Q1 2026-9.5%-13.1%-23.7%
Q3 2025-7.2%-15.8%-7.5%
Q4 2024-9.5%-38.6%-32.4%
Q3 2024+0.5%-3.6%-9.2%
Q2 2024-8.8%-12.4%+0.9%
Q1 2024+1.1%-2.8%-40.2%
Q4 2023+10.9%+8.0%+11.8%
Q3 2023-3.0%+15.3%+151.8%
Q2 2023-11.5%-17.7%-26.6%
Q1 2023-0.6%+2.5%+6.2%
Q4 2022-10.9%-14.3%+31.7%
Q3 2022+5.1%+15.4%-1.3%
Q2 2022+2.0%+0.0%-7.1%
Q1 2022-12.6%+2.0%-6.0%
Q4 2021+9.2%+15.7%-15.4%
Q3 2021-0.7%-2.5%-21.1%
Q2 2021-6.9%-10.1%+13.9%
Q1 2021+33.0%+53.1%-18.5%
Q4 2020-1.7%+10.2%+10.8%
Q3 2020+12.0%+13.9%+647.2%
Q2 2020+16.8%+19.3%-16.0%
Q1 2020-12.0%-10.5%+55.8%
Q4 2019-7.1%-4.2%+9.7%
Q3 2019-26.3%-39.1%-24.3%
Q2 2019-21.3%-20.9%-18.3%
Q1 2019-1.6%-11.4%-22.7%
Q4 2018+5.8%+5.3%-5.8%
Q3 2018+5.5%-1.8%-47.2%
Q2 2018-9.8%-12.4%-12.4%
Q1 2018-10.8%-12.5%-11.1%
Q4 2017+46.2%+43.9%-5.3%
Q3 2017-11.3%-18.5%-44.4%
Q2 2017+0.0%-1.2%+21.5%
Q1 2017-11.7%-7.9%-10.7%
Q4 2016+16.1%+12.5%+2.0%
Q3 2016-3.6%+11.1%+20.2%
Q2 2016-1.7%+1.1%-3.4%
Q1 2016+7.3%
Q4 2015+0.7%
Q3 2015+2.4%
Q2 2015-9.7%
Q1 2015+4.6%
Q4 2014+0.3%
Q3 2014-0.8%
Q2 2014-7.8%
Q1 2014+0.0%
Q4 2013+11.4%
Q3 2013-25.2%
Q2 2013+3.0%
Q1 2013-9.4%
Q4 2012-4.0%
Q3 2012-3.4%
Q2 2012-0.9%
Q1 2011+2.9%
Q1 2012+0.6%
Q4 2011-1.9%
Q3 2011-6.8%
Q3 2010-6.8%
Q2 2011-10.6%
Q2 2010-10.6%
Q4 2010+2.4%
Q1 2010-6.7%

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