NASDAQ$INBX
Inhibrx Biosciences Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Inhibrx Biosciences reported financial results for the second quarter of 2024 and provided an update on recent corporate highlights, including the completion of a separation from its former parent company.
Inhibrx Biosciences reported a net income of $1.9 billion for the second quarter of 2024, driven by gains from the separation and distribution transaction. Cash and cash equivalents totaled $226.9 million as of June 30, 2024. Research and development expenses increased to $67.6 million, while general and administrative expenses rose to $93.4 million.
- Completed separation from Former Parent, focusing on INBRX-106 and ozekibart (INBRX-109) programs.
- Reported net income of $1.9 billion, or $127.10 per share, due to gains from the separation and distribution.
- Cash and cash equivalents totaled $226.9 million as of June 30, 2024.
- Increased R&D expenses to $67.6 million and G&A expenses to $93.4 million due to stock option expenses and transaction-related costs.
Headline financials
Revenue & EPS history
Inhibrx Biosciences Inc · Revenue · Quarterly
$100K
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q2 2024
-2.2%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+1.4%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+8.4%
Q2 2021
Best reaction
-17.4%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.2% | -13.9% | -33.7% | |
| Q3 2025 | +5.7% | +10.1% | +6.6% | |
| Q2 2025 | +1.9% | -2.4% | +16.8% | |
| Q1 2025 | -1.9% | -1.3% | +9.9% | |
| Q4 2024 | -0.7% | +1.8% | -18.7% | |
| Q3 2024 | -10.5% | -7.5% | -5.4% | |
| Q2 2024 | +0.4% | +10.8% | +34.0% | |
| Q1 2024 | -0.4% | — | — | |
| Q4 2023 | -7.4% | — | — | |
| Q3 2023 | +0.1% | — | — | |
| Q2 2023 | -17.4% | — | — | |
| Q1 2023 | -2.5% | — | — | |
| Q4 2022 | -0.8% | — | — | |
| Q3 2022 | -4.2% | — | — | |
| Q2 2022 | +7.4% | — | — | |
| Q1 2022 | -7.1% | — | — | |
| Q4 2021 | -1.6% | — | — | |
| Q3 2021 | -3.5% | — | — | |
| Q2 2021 | +8.4% | — | — | |
| Q1 2021 | +3.7% | — | — | |
| Q4 2020 | -13.6% | — | — | |
| Q3 2020 | -4.5% | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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