NASDAQ$JANX

Janux Therapeutics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended September 30, 2021.

Janux Therapeutics reported $387.5 million in cash and cash equivalents and short-term investments. The company is on track to submit IND filings for two programs in 2022. Net loss was $10.8 million for the quarter ended September 30, 2021.

  • Janux remains on-track to submit IND filings for two programs in 2022.
  • PSMA-TRACTr candidate IND application expected in the first half of 2022.
  • EGFR-TRACTr candidate IND application expected in the second half of 2022.
  • Board of Directors strengthened with key appointments.

Headline financials

Total Revenue

$1.16M

No prior period
EPS (adj)

-$0.26

Previous: -$0.10-158.2%
Research and development expenses

$8.41M

Previous: $834K+907.9%
General and administrative expenses

$3.66M

Previous: $422K+766.4%
Capital Expenditures

-$309K

No prior period
Free Cash Flow

-$11.1M

No prior period
Net Income

-$10.8M

Previous: -$1.26M-757.2%
Operating Income

-$10.9M

Previous: -$1.26M-768.1%
Gross Profit

-$10.9M

Previous: -$834K-1207.3%
Cash & Equivalents

$39.4M

No prior period
Total Assets

$391M

No prior period
Stock-Based Comp

$2.57M

No prior period

Revenue & EPS history

Janux · Revenue · Quarterly

$1.16M

Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

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

  • Collaboration revenue
    $1.06M-55.3%

Forward guidance

Janux expects to submit an IND application for its PSMA-TRACTr candidate in the first half of 2022 and an IND application for its EGFR-TRACTr candidate in the second half of 2022. In 2023, Janux expects to submit an IND application for its TROP2-TRACTr.

Tailwinds

  • TRACTr product candidates advancing as planned.
  • On track for selection of TRACIr development candidate in 2022 as planned.
  • IND submission for PSMA-TRACTr candidate expected in the first half of 2022.
  • IND submission for EGFR-TRACTr candidate expected in the second half of 2022.
  • IND submission for TROP2-TRACTr candidate expected in 2023.

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 Q3 2021

Historical avgQ3 2021

+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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