NASDAQ$CRIS

Curis Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Curis reported a net loss for Q4 2023, presented emavusertib data at ASH, and is expanding clinical sites.

Curis, Inc. reported its Q4 2023 financial results, featuring a net loss of $11.7 million, and provided a business update highlighting emavusertib data presented at ASH and expansion of clinical sites in the US and Europe. They expect their cash to last into 2025.

  • Emavusertib data presented at ASH showed 3 of 5 patients achieved CR in R/R PCNSL.
  • Expansion of clinical sites in US and Europe is in progress.
  • Curis expects its existing cash, cash equivalents and investments should enable its planned operations into 2025.
  • Management hosted a conference call on February 8, 2024, to discuss the business update and financial results.

Headline financials

Total Revenue

$2.7M

Previous: $2.89M-6.6%
EPS (adj)

-$2.03

Previous: -$2.40+15.4%
Research and Development Expenses

$9.96M

No prior period
General and Administrative Expenses

$4.88M

No prior period
Total Other Income (Expense)

$487K

No prior period
Weighted Average Common Shares

5.8M

No prior period
Net Income

-$11.7M

Previous: -$11.3M-3.4%
Operating Income

-$12.2M

Previous: -$10.2M-19.4%
Gross Profit

$2.64M

Previous: $2.82M-6.2%
R&D Expense

$9.96M

No prior period
Stock-Based Comp

$1.55M

Previous: $1.74M-11.2%

Revenue & EPS history

Curis · Revenue · Quarterly

$2.7M

Q4 2023-6.6%vs Q4 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 anticipates updated clinical data readouts in 2024.

Tailwinds

  • TakeAim Leukemia – updated clinical data from the on-going monotherapy study in the first half of 2024.
  • TakeAim Lymphoma – updated clinical data from the on-going combination study of emavusertib with ibrutinib in the second half of 2024.
  • Curis expects initial clinical data from the recently initiated triplet combination study of emavusertib with azacitidine and venetoclax to treat AML patients in the second half of 2024.

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 Q4 2023

Historical avgQ4 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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