NASDAQ$NKTX

Nkarta Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Nkarta reported financial results for the third quarter ended September 30, 2020.

Nkarta reported a net loss of $13.7 million, or $0.44 per share, for the third quarter of 2020. The company ended the quarter with $330.2 million in cash and cash equivalents.

  • First patient dosed in clinical trial of NKX101 in acute myeloid leukemia and myelodysplastic syndromes.
  • IND application for NKX019 expected to be filed in 1Q 2021.
  • Ended third quarter 2020 with $330.2 million of cash and cash equivalents.
  • Cash and cash equivalents are believed to be sufficient to fund operations into at least the second half of 2023.

Headline financials

Total Revenue

$115K

Previous: -$385.00+29970.1%
EPS (adj)

-$0.44

Previous: -$0.30-48.1%
R&D Expenses

$9.8M

No prior period
G&A Expenses

$3.9M

No prior period
Capital Expenditures

-$6.44M

No prior period
Free Cash Flow

-$20.1M

No prior period
Net Income

-$13.7M

Previous: -$2.67M-413.2%
Operating Income

-$13.7M

Previous: -$5.91M-132.6%
Gross Profit

$0.00

Previous: -$4.62M+100.0%
Cash & Equivalents

$330M

No prior period

Revenue & EPS history

Nkarta · Revenue · Quarterly

$115K

Q3 2020-29,970.1%vs Q3 2019

Forward guidance

Nkarta expects its current cash and cash equivalents will be sufficient to fund its current operating plan into at least the second half of 2023. The company expects cash and cash equivalents at December 31, 2020 to be in the range of $300 million to $310 million.

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 2020

Historical avgQ3 2020

+0.4%

Avg return

Earnings day

-2.5%

Avg return

5 days after

+1.4%

Avg return

30 days after

61%

14 / 23 earnings

Positive

+16.2%

Q4 2021

Best reaction

-30.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.5%-16.1%
Q4 2025+0.9%-0.9%+37.1%
Q3 2025+3.1%-4.6%-4.6%
Q1 2025+1.2%-0.6%-4.6%
Q4 2024+3.2%-15.4%+13.3%
Q3 2024-4.8%-9.0%-23.0%
Q2 2024+1.2%+0.0%+10.3%
Q1 2024-2.3%+2.3%+3.1%
Q4 2023-30.3%-22.8%-43.0%
Q3 2023-5.6%+7.0%+27.0%
Q2 2023-0.5%-1.0%-20.5%
Q1 2023-4.1%-4.1%-0.9%
Q4 2022+1.3%-7.1%+19.3%
Q3 2022-8.4%-2.1%-35.5%
Q2 2022+8.8%+11.1%-8.5%
Q1 2022+12.8%+11.1%+6.9%
Q4 2021+16.2%+6.2%-15.2%
Q3 2021+7.7%+7.2%-15.0%
Q2 2021-1.9%-5.0%-29.0%
Q4 2020+0.0%-14.4%-30.3%
Q3 2020+2.9%+14.5%+122.0%
Q2 2020-7.0%-12.0%+21.1%
Q1 2021+11.3%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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