NASDAQ$KURA

Kura Oncology Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Kura Oncology reported third quarter 2024 financial results and provided a corporate update.

Kura Oncology reported a net loss of $54.4 million for the third quarter of 2024, compared to a net loss of $38.6 million for the third quarter of 2023. As of September 30, 2024, Kura had cash, cash equivalents and short-term investments of $455.3 million, which is expected to fund operations into 2027.

  • Topline results from registration-directed trial of ziftomenib in R/R NPM1-mutant AML expected in early 2025.
  • Data from Phase 1a dose-escalation study of ziftomenib combined with ven/aza in R/R AML and 7+3 in 1L adverse risk AML to be presented at ASH.
  • Phase 1b expansion study of ziftomenib in combination with standards of care now enrolling at 600 mg in all cohorts.
  • First patient dosed in study of KO-2806 and adagrasib in KRASG12C-mutated NSCLC.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.63

Previous: -$0.50-26.0%
Capital Expenditures

$0.00

Previous: -$20K+100.0%
Net Income

-$54.4M

Previous: -$38.6M-40.9%
Operating Income

-$59.9M

Previous: -$42.5M-41.0%
Gross Profit

-$208K

Previous: -$216K+3.7%
R&D Expense

$41.7M

Previous: $29.3M+42.2%
Stock-Based Comp

$8.32M

Previous: $7.09M+17.4%

Revenue & EPS history

Kura Oncology · Revenue · Quarterly

$0

Q3 2024
Beat estimate in 1 of 7 quarters(14%)
ActualEstimate

Forward guidance

Kura Oncology provided several forecasted milestones, including presenting updated data from the KOMET-007 trial of ziftomenib in combination with ven/aza and 7+3 at ASH in December 2024, and reporting topline results from the KOMET-001 registration-directed trial of ziftomenib in NPM1-mutant R/R AML in early 2025.

Tailwinds

  • Present updated data from the KOMET-007 trial of ziftomenib in combination with ven/aza and 7+3 at ASH in December 2024.
  • Report topline results from the KOMET-001 registration-directed trial of ziftomenib in NPM1-mutant R/R AML in early 2025.
  • Present preliminary data from the Phase 1b expansion portion of KOMET-007 at a medical meeting in 2025.
  • Initiate proof-of-concept study evaluating ziftomenib and imatinib in patients with advanced GIST in the first half of 2025.
  • Nominate a next generation menin inhibitor development candidate targeting diabetes in the first half of 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 Q3 2024

Historical avgQ3 2024

+0.5%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.9%

Avg return

30 days after

53%

21 / 40 earnings

Positive

+22.4%

Q2 2016

Best reaction

-19.3%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.7%-2.9%-6.8%
Q4 2025-0.5%+8.3%+0.7%
Q3 2025+2.0%+0.9%+22.6%
Q2 2025-7.0%+8.9%+37.9%
Q1 2025-0.6%-13.0%-12.3%
Q4 2024-1.5%-5.7%-9.3%
Q3 2024-0.9%+4.1%-40.2%
Q1 2024+1.7%+3.9%+1.6%
Q4 2023+3.1%+4.1%+2.8%
Q3 2023+12.8%+16.0%+24.7%
Q2 2023+7.1%+1.3%-2.0%
Q1 2023+8.8%+11.1%+14.6%
Q4 2022-2.2%-0.3%-1.4%
Q3 2022-7.2%-14.8%+2.6%
Q2 2022+1.1%+4.2%-0.8%
Q1 2022-11.8%-22.5%-8.7%
Q4 2021+14.6%+13.6%+12.9%
Q3 2021+6.5%+0.2%-32.6%
Q2 2021+0.8%-3.4%+8.0%
Q1 2021+2.5%-1.5%-16.6%
Q4 2020-19.3%-10.0%-17.8%
Q3 2020+9.2%+20.0%+12.3%
Q2 2020+15.7%+17.0%+36.7%
Q1 2020+5.3%+7.0%+18.1%
Q4 2019-4.3%-3.8%-26.1%
Q3 2019-4.4%+1.1%-1.0%
Q2 2019+0.8%-1.2%-20.6%
Q1 2019+5.9%+4.1%+3.0%
Q4 2018-9.0%-1.7%+12.3%
Q3 2018+5.4%+9.4%+19.3%
Q2 2018-13.7%-11.2%-7.0%
Q1 2018-0.6%+4.7%+3.5%
Q4 2017-1.3%-13.5%-23.8%
Q3 2017-6.4%+11.1%-4.4%
Q2 2017-13.0%-38.2%-32.9%
Q1 2017+0.0%+2.8%-13.9%
Q4 2016-8.5%-6.3%+6.9%
Q3 2016+6.0%+25.3%+27.7%
Q2 2016+22.4%+20.1%+43.5%
Q4 2015+0.5%
Q4 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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