NASDAQ$JANX

Janux Therapeutics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended September 30, 2023.

Janux Therapeutics reported $349.7 million in cash, cash equivalents, and short-term investments at the end of the third quarter 2023. Enrollment is ongoing for PSMA-TRACTr (JANX007) in prostate cancer and EGFR-TRACTr (JANX008) in solid tumors. A net loss of $11.6 million was reported for the quarter ended September 30, 2023.

  • Enrollment ongoing for PSMA-TRACTr (JANX007) in prostate cancer.
  • Enrollment ongoing for EGFR-TRACTr (JANX008) in solid tumors.
  • Update on clinical programs expected in 2024.
  • Cash and investments projected to support current operating plan through 2027.

Headline financials

Total Revenue

$2.52M

Previous: $1.81M+38.8%
EPS (adj)

-$0.25

Previous: -$0.40+37.5%
Capital Expenditures

-$1.34M

Previous: -$4.39M+69.6%
Free Cash Flow

-$12.9M

Previous: -$21.1M+38.8%
Net Income

-$11.6M

Previous: -$16.7M+30.7%
Operating Income

-$15.8M

Previous: -$18M+12.3%
Gross Profit

-$15.8M

Previous: -$18M+12.3%
Cash & Equivalents

$17.2M

Previous: $339M-94.9%
Total Assets

$387M

Previous: $376M+3.0%
R&D Expense

$11.9M

No prior period
Stock-Based Comp

$4.55M

Previous: $4.6M-1.0%

Revenue & EPS history

Janux · Revenue · Quarterly

$2.52M

Q3 2023+38.8%vs Q3 2022
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 projects that current cash and investments will be sufficient to fund the current operating plan through 2027 to generate Phase 1b data for PSMA and EGFR-TRACTr programs.

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 2023

Historical avgQ3 2023

+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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