NASDAQ$CRIS

Curis Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Curis reported financial results for the third quarter of 2023, showing a net loss, revenue from royalties, and progress in clinical trials for Emavusertib.

Curis, Inc. reported a net loss of $12.2 million for Q3 2023, with revenues of $2.8 million from royalties. The company is advancing its clinical development of emavusertib, with ongoing trials and upcoming data presentations.

  • Re-started patient enrollment in both the Phase 1/2 TakeAim Leukemia monotherapy and TakeAim Lymphoma combination studies after the removal of the partial clinical hold.
  • Expects to initiate a triplet combination study in AML in the fourth quarter.
  • Will present updated data from the TakeAim Lymphoma combination study at ASH in December.
  • Cash, cash equivalents and investments totaled $68.5 million, expected to fund operations into 2025.

Headline financials

Total Revenue

$2.83M

Previous: $2.83M+0.3%
EPS (adj)

-$2.13

Previous: -$2.80+23.9%
Capital Expenditures

$0.00

Previous: -$416K+100.0%
Free Cash Flow

-$12.2M

Previous: -$13.7M+11.2%
Net Income

-$12.2M

Previous: -$13.3M+8.4%
Operating Income

-$12.4M

Previous: -$12.6M+1.9%
Gross Profit

$2.77M

Previous: $2.76M+0.4%
Cash & Equivalents

$68.5M

Previous: $29.9M+129.5%
Total Assets

$90M

Previous: $123M-26.8%
R&D Expense

$10.4M

No prior period
Stock-Based Comp

$1.63M

Previous: $1.32M+23.3%

Revenue & EPS history

Curis · Revenue · Quarterly

$2.83M

Q3 2023+0.3%vs Q3 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 to 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 Q3 2023

Historical avgQ3 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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