NASDAQ$INTS

Intensity Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Announced first quarter 2024 financial results and provided a corporate update.

Intensity Therapeutics reported a net loss of $4.6 million for the first quarter of 2024, with research and development expenses increasing to $2.8 million and general and administrative expenses rising to $1.9 million. As of March 31, 2024, cash, cash equivalents, and marketable debt securities totaled $10.5 million, expected to fund operations through the end of the first quarter of 2025.

  • INT230-6 continues to advance into late-stage clinical programs in sarcoma and breast cancer.
  • Initiation of a Phase 3 study (INVINCIBLE-3) testing INT230-6 as a monotherapy for soft tissue sarcoma is planned for mid-2024.
  • Initiation of a Phase 2/3 program (INVINCIBLE-4) testing INT230-6 in combination with SOC for triple negative breast cancer is planned for mid-2024.
  • Cash and investments of $10.5 million are expected to fund operations through the end of the first quarter of 2025.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.34

Previous: -$0.78+56.4%
R&D Expenses

$2.82M

No prior period
G&A Expenses

$1.93M

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

-$4.6M

Previous: -$1.34M-244.4%
Operating Income

-$4.74M

Previous: -$1.25M-278.2%
Gross Profit

-$6K

No prior period
R&D Expense

$2.82M

No prior period
Stock-Based Comp

$1.16M

Previous: $312K+270.2%

Revenue & EPS history

Intensity Therapeutics · Revenue · Quarterly

$0

Q1 2024

Forward guidance

Intensity Therapeutics expects its cash and investments of $10.5 million to be sufficient to fund operations through the end of the first quarter of 2025.

Tailwinds

  • Sufficient cash to fund operations through Q1 2025

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.8%

Avg return

Earnings day

-4.7%

Avg return

5 days after

+26.6%

Avg return

30 days after

40%

6 / 15 earnings

Positive

+17.3%

Q4 2023

Best reaction

-6.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+4.4%-6.7%-26.9%
Q3 2025-5.8%-16.0%-8.2%
Q2 2025+7.2%+15.1%+11.9%
Q1 2025-5.8%-22.6%-38.6%
Q4 2024+0.5%-18.3%-18.7%
Q3 2024-6.2%-7.4%-39.2%
Q2 2024-4.2%-11.1%-17.1%
Q1 2024+6.7%+17.9%+27.5%
Q1 2023+6.7%+17.9%+27.5%
Q4 2023+17.3%+22.0%+12.0%
Q3 2023-4.0%-22.8%+263.2%
Q3 2022-4.0%-22.8%+263.2%
Q4 2022-0.4%-5.1%-19.0%
Q2 2023-0.4%-5.1%-19.0%
Q2 2022-0.4%-5.1%-19.0%
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020

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