NASDAQ$KURA

Kura Oncology Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Kura Oncology reported its fourth quarter and full year 2024 financial results.

Kura Oncology reported positive topline results from its KOMET-001 registrational trial, achieving its primary endpoint, and announced alignment with the FDA and EMA on key aspects of the KOMET-017 protocol for potential U.S. accelerated approval. The company also reported a significant increase in collaboration revenue due to its partnership with Kyowa Kirin.

  • KOMET-001 registrational trial in R/R NPM1-mutant AML achieved its primary endpoint.
  • Alignment reached with FDA and EMA on key aspects of the KOMET-017 protocol, including use of MRD-negative CR endpoint for potential U.S. accelerated approval pathway in frontline intensive chemotherapy trial.
  • Collaboration revenue from the Kyowa Kirin partnership for Q4 2024 was $53.9 million, compared to no revenue in 2023.
  • Net loss for Q4 2024 was $19.2 million, an improvement from a net loss of $42.8 million in Q4 2023.

Headline financials

Total Revenue

$53.9M

Previous: $0.00
EPS (adj)

-$0.22

Previous: -$0.55+60.0%
Research and development expenses

$52.3M

Previous: $32.5M+60.7%
General and administrative expenses

$24.1M

Previous: $14.2M+69.2%
Total operating expenses

$76.3M

Previous: $46.8M+63.2%
Share-based compensation expense

$8.6M

Previous: $7.2M+19.4%
Other income, net

$5.26M

Previous: $3.98M+32.2%
Income Tax Expense

$2.02M

Previous: $0.00
Capital Expenditures

-$372K

Previous: -$16K-2225.0%
Net Income

-$19.2M

Previous: -$42.8M+55.1%
Operating Income

-$22.5M

Previous: -$46.8M+52.0%
Gross Profit

$53.7M

Previous: -$214K+25183.6%
R&D Expense

$52.3M

Previous: $32.5M+60.7%

Revenue & EPS history

Kura Oncology · Revenue · Quarterly

$53.9M

Q4 2024
Beat estimate in 1 of 8 quarters(13%)
ActualEstimate

Forward guidance

Kura Oncology anticipates submitting an NDA for ziftomenib in R/R NPM1-m AML in Q2 2025 and initiating two independent Phase 3 registration-enabling trials in 1L AML in H2 2025. The company expects its current cash to fund operations into 2027.

Tailwinds

  • Submit an NDA for ziftomenib in R/R NPM1-m AML in the second quarter of 2025.
  • Present topline data from KOMET-001 Phase 2 registration-directed trial in R/R NPM1-m AML in the second quarter of 2025.
  • Initiate the KOMET-015 trial evaluating ziftomenib and imatinib in patients with advanced GIST in the first half of 2025.
  • Initiate two independent Phase 3 registration-enabling trials in 1L intensive (KOMET-017-IC) and non-intensive (KOMET-017-NIC) AML in the second half of 2025.
  • Current cash, cash equivalents and short-term investments are sufficient to fund operating expenses into 2027, supported by anticipated collaboration funding.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 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
Q2 2024———
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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