NASDAQ$JANX

Janux Therapeutics Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Janux reported financial results for the second quarter of 2024 and provided a business update.

Janux Therapeutics reported a net loss of $6.0 million for the second quarter of 2024. The company's cash and cash equivalents and short-term investments totaled $646.3 million as of June 30, 2024. They also received a $7.5 million milestone payment from Merck.

  • Enrollment is ongoing for PSMA-TRACTr (JANX007) in prostate cancer and EGFR-TRACTr (JANX008) in solid tumors.
  • An update on JANX007 data and doses selected for expansion cohorts is anticipated in 2H 2024.
  • Eric Dobmeier and Natasha Hernday were appointed to the Board of Directors.
  • The company received a $7.5 million development milestone payment from Merck.

Headline financials

Total Revenue

$8.9M

Previous: $1.06M+741.7%
EPS

-$0.11

Previous: -$0.42+73.8%
Capital Expenditures

-$292K

Previous: -$865K+66.2%
Free Cash Flow

-$6.25M

Previous: -$18.4M+66.0%
Net Income

-$5.96M

Previous: -$17.5M+66.0%
Operating Income

-$13.8M

Previous: -$20.7M+33.4%
Gross Profit

-$13.8M

Previous: -$20.7M+33.4%
R&D Expense

$14.9M

No prior period
Stock-Based Comp

$5.76M

Previous: $5.5M+4.7%

Revenue & EPS history

Janux · Revenue · Quarterly

$8.9M

Q2 2024+741.7%vs Q2 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%

Forward guidance

Janux anticipates providing an update on JANX007 data and doses selected for expansion cohorts in 2H 2024. An update on JANX008 data is expected in 2025.

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 Q2 2024

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro