NASDAQ$JANX

Janux Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Janux reported Q4 2021 financial results and provided a business update.

Janux Therapeutics reported cash, cash equivalents and short-term investments of $375.0 million. Research and development expenses were $11.2 million. Net loss was $13.4 million for the quarter.

  • Company remains on-track to submit IND filings for two programs in 2022
  • Company nominated its first TRACIr development candidate, a PD-L1 x CD28 costimulatory bispecific
  • Management team strengthened with key appointment
  • $375.0 million in year-end 2021 cash, cash equivalents and short-term investments

Headline financials

Total Revenue

$1.62M

No prior period
EPS (adj)

-$0.33

Previous: -$0.13-148.7%
Capital Expenditures

$1.17M

No prior period
Free Cash Flow

-$11.7M

No prior period
Net Income

-$13.4M

Previous: -$1.66M-710.6%
Operating Income

-$13.5M

Previous: -$1.66M-715.1%
Gross Profit

$1.55M

Previous: -$985K+257.6%
Cash & Equivalents

$35.6M

No prior period
Total Assets

$380M

No prior period
Stock-Based Comp

$2.94M

No prior period

Revenue & EPS history

Janux · Revenue · Quarterly

$1.62M

Q4 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 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 and PD-L1xCD28 programs.

Tailwinds

  • Janux expects to submit an IND for its PSMA-TRACTr candidate in the first half of 2022
  • Janux expects to submit an IND application for its EGFR-TRACTr candidate in the second half of 2022
  • Janux expects to submit an IND application for its TROP2-TRACTr in 2023
  • Janux expects to submit an IND application for its PD-L1xCD28 programs 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 Q4 2021

Historical avgQ4 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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