NASDAQ$NRIX

Nurix Therapeutics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter and provided a corporate update.

Nurix Therapeutics reported collaboration revenue of $9.6 million for the first quarter ended February 28, 2022. The company's net loss was $42.5 million, or ($0.95) per share. As of February 28, 2022, Nurix had cash, cash equivalents and investments of $385.7 million.

  • Dosed first patient in the Phase 1 trial of DeTIL-0255, Nurix’s drug-enhanced tumor infiltrating lymphocyte (TIL) program
  • Awarded Innovation Passport for Entry into Innovative Licensing and Access Pathway (ILAP) in the United Kingdom for NX-1607
  • Reported strong financial position with $385.7 million in cash and investments as of February 28, 2022
  • Achieved research milestones under its collaboration with Gilead and Sanofi

Headline financials

Total Revenue

$9.62M

Previous: $5.01M+92.0%
EPS (adj)

-$0.95

Previous: -$0.63-50.8%
Capital Expenditures

-$3.47M

Previous: -$843K-311.9%
Free Cash Flow

-$46M

Previous: -$25.1M-83.2%
Net Income

-$42.5M

Previous: -$24.3M-75.2%
Operating Income

-$42.7M

Previous: -$24.5M-74.3%
Gross Profit

$9.62M

Previous: $5.01M+92.0%
Cash & Equivalents

$78.8M

Previous: $126M-37.7%
Total Assets

$438M

No prior period
Stock-Based Comp

$6.07M

No prior period

Revenue & EPS history

Nurix · Revenue · Quarterly

$9.62M

Q1 2022+92%vs Q1 2021
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Nurix · $9.62M total across 1 segment · Q1 2022

  • Collaboration revenue
    $9.62M+92.0%

Forward guidance

Expected timing of events throughout the press release are based on calendar year quarters.

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 Q1 2022

Historical avgQ1 2022

+2.9%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.8%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+35.6%

Q1 2023

Best reaction

-13.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-4.2%+4.5%+5.9%
Q4 2025-1.7%-6.0%-10.6%
Q3 2025-10.1%-4.7%+13.4%
Q2 2025-4.3%-11.7%-16.8%
Q1 2025+7.8%+12.0%+4.8%
Q4 2024+0.5%-3.1%-21.0%
Q3 2024+15.1%+18.1%+25.1%
Q2 2024+17.7%+12.7%+2.9%
Q1 2024-1.5%-11.6%-22.7%
Q4 2023+7.2%+9.6%+42.0%
Q3 2023-3.9%-8.3%-20.5%
Q2 2023-2.2%-2.3%-7.3%
Q1 2023+35.6%+29.9%+14.8%
Q4 2022+1.0%-6.2%-25.8%
Q3 2022-13.2%-12.6%+2.5%
Q2 2022+22.7%+10.7%+34.3%
Q1 2022+7.2%-3.7%-30.8%
Q4 2021-4.6%+2.3%-14.1%
Q3 2021+0.1%-1.6%+18.3%
Q2 2021-5.1%+8.6%+32.2%
Q2 2020-5.1%+8.6%+32.2%
Q1 2021+12.6%+9.0%-5.4%
Q4 2020+3.0%-4.2%-1.3%
Q3 2020-4.7%+3.8%+14.4%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2018

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