NASDAQ$JANX

Janux Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Janux reported financial results for Q1 2024 and provided a business update.

Janux Therapeutics reported a net loss of $14.8 million for the first quarter of 2024. The company's cash and cash equivalents and short-term investments totaled $651.8 million as of March 31, 2024. Enrollment is ongoing for PSMA-TRACTr (JANX007) in prostate cancer and EGFR-TRACTr (JANX008) in solid tumors.

  • Enrollment is ongoing for PSMA-TRACTr (JANX007) in prostate cancer.
  • Enrollment is ongoing for EGFR-TRACTr (JANX008) in solid tumors.
  • An update on JANX007 data and doses selected for expansion cohorts is anticipated in 2H 2024.
  • The company held $651.8 million in cash and cash equivalents and short-term investments at the end of the first quarter 2024.

Headline financials

Total Revenue

$1.25M

Previous: $2.05M-38.9%
EPS

-$0.30

Previous: -$0.42+28.6%
Research and development expenses

$14.1M

No prior period
General and administrative expenses

$7.34M

No prior period
Total other income

$5.4M

No prior period
Unrealized gain (loss) on available-for-sale securities, net

-$1.19M

No prior period
Comprehensive loss

-$15.9M

No prior period
Weighted-average shares outstanding

49.0M

No prior period
Capital Expenditures

-$197K

Previous: -$285K+30.9%
Free Cash Flow

-$15M

Previous: -$17.7M+15.7%
Net Income

-$14.8M

Previous: -$17.5M+15.5%
Operating Income

-$20.2M

Previous: -$20.3M+0.6%
Gross Profit

-$20.2M

Previous: -$20.3M+0.6%
R&D Expense

$14.1M

No prior period
Stock-Based Comp

$5.63M

Previous: $5.47M+2.8%

Revenue & EPS history

Janux · Revenue · Quarterly

$1.25M

Q1 2024-38.9%vs Q1 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Janux · $1.06M total across 1 segment · Q2 2023

  • Collaboration revenue
    $1.06M-55.3%

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.6%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-5.5%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+14.6%

Q3 2022

Best reaction

-11.0%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-1.4%-8.8%
Q4 2025-1.4%+4.0%-4.5%
Q3 2025+3.9%+4.8%-40.1%
Q1 2025-0.8%+3.8%-2.8%
Q4 2024+2.7%-1.6%-9.1%
Q3 2024-1.9%-2.9%+17.6%
Q2 2024-1.1%-0.8%+11.8%
Q1 2024-11.0%-21.3%-31.5%
Q4 2023-1.6%-1.7%-13.5%
Q3 2023+5.9%-3.4%+50.7%
Q2 2023+5.1%+4.3%-11.6%
Q1 2023+1.1%-7.0%-3.5%
Q4 2022-2.5%-4.7%-4.9%
Q3 2022+14.6%+5.3%-9.8%
Q2 2022+1.0%-4.9%-3.2%
Q1 2022+6.1%+13.7%+10.0%
Q4 2021-6.0%-3.5%-17.1%
Q3 2021-1.6%-7.4%-23.9%
Q2 2021-1.0%-3.8%-9.9%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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