NASDAQ$CRIS

Curis Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Curis reported second quarter 2023 financial results and business update.

Curis reported a net loss of $12.0 million, or $0.12 per share, for the second quarter of 2023. The company's cash, cash equivalents, and investments totaled $77.4 million, expected to fund operations into 2025. The partial clinical hold on the TakeAim Leukemia study was removed, and the RP2D for emavusertib monotherapy was confirmed at 300 mg BID.

  • Partial clinical hold on TakeAim Leukemia study removed.
  • Enrolling patients at confirmed RP2D in the TakeAim Leukemia Study.
  • Enrolling patients in the TakeAim Lymphoma Study in combination with ibrutinib.
  • Strong balance sheet with $77.4 million in cash and investments; cash runway into 2025.

Headline financials

Total Revenue

$2.2M

Previous: $2.39M-8.2%
EPS (adj)

-$2.40

Previous: -$3.40+29.4%
Capital Expenditures

$0.00

Previous: -$364K+100.0%
Free Cash Flow

-$12M

Previous: -$16.3M+26.6%
Net Income

-$12M

Previous: -$15.9M+25.0%
Operating Income

-$12.1M

Previous: -$15.1M+19.4%
Gross Profit

$2.12M

Previous: $2.35M-9.7%
Cash & Equivalents

$63.5M

Previous: $34M+86.7%
Total Assets

$84.3M

Previous: $129M-34.6%
Stock-Based Comp

$1.42M

Previous: $1.97M-27.6%

Revenue & EPS history

Curis · Revenue · Quarterly

$2.2M

Q2 2023-8.2%vs Q2 2022
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 should enable it to maintain 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 Q2 2023

Historical avgQ2 2023

-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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