NASDAQ$CRIS

Curis Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Curis reported financial results for Q2 2024 and provided an operational update.

Curis reported a net loss of $11.8 million, or $2.03 per share, for the second quarter of 2024, compared to a net loss of $12.0 million, or $2.47 per share, for the same period in 2023. Revenues for the second quarter of 2024 were $2.5 million, compared to $2.2 million for the same period in 2023. The company's cash, cash equivalents, and investments totaled $28.4 million as of June 30, 2024, and expects its existing resources will enable planned operations into the first quarter of 2025.

  • Emavusertib was granted Orphan Drug Designation by the European Commission for the treatment of patients with primary central nervous system lymphoma.
  • Curis expects to have initial data for 15-20 patients with R/R PCNSL by late 2024.
  • Preliminary data from the TakeAim Leukemia study showed objective responses in R/R AML patients with FLT3m and SFm treated with emavusertib.
  • Curis expects its existing cash, cash equivalents and investments will enable its planned operations into the first quarter of 2025.

Headline financials

Total Revenue

$2.55M

Previous: $2.2M+15.9%
EPS

-$2.03

Previous: -$2.40+15.4%
Capital Expenditures

$0.00

Previous: $0.00
Free Cash Flow

-$11.8M

Previous: -$12M+1.3%
Net Income

-$11.8M

Previous: -$12M+1.3%
Operating Income

-$12.5M

Previous: -$12.1M-3.1%
R&D Expense

$10.3M

No prior period
Stock-Based Comp

$1.7M

Previous: $1.42M+19.7%

Revenue & EPS history

Curis · Revenue · Quarterly

$2.55M

Q2 2024+15.9%vs Q2 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 the first quarter of 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 2024

Historical avgQ2 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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