NASDAQ$NRIX

Nurix Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended February 29, 2024, and provided a corporate update.

Nurix Therapeutics reported revenue of $16.6 million for the first quarter of fiscal year 2024, compared to $12.7 million for the same period in the previous year. The net loss for the quarter was $41.5 million, or $0.76 per share, compared to a net loss of $40.7 million, or $0.75 per share, for the first quarter of fiscal year 2023.

  • Extended the strategic collaboration with Gilead Sciences.
  • Extended the strategic collaboration with Sanofi to develop novel orally available targeted protein degrader of STAT6.
  • Presented new case studies on NX-5948 demonstrating clinical responses in patients with CNS lymphoma and CLL with CNS involvement.
  • Announced that Nurix is part of a team of experts selected as awardees in this year’s Cancer Grand Challenges.

Headline financials

Total Revenue

$16.6M

Previous: $12.7M+30.7%
EPS

-$0.76

Previous: -$0.75-1.3%
Shares outstanding

54.9M

No prior period
Capital Expenditures

-$2.88M

Previous: -$2.28M-26.7%
Free Cash Flow

-$44.4M

Previous: -$43M-3.2%
Net Income

-$41.5M

Previous: -$40.7M-1.9%
Operating Income

-$45.2M

Previous: -$43M-5.3%
Gross Profit

$16.6M

Previous: $12.7M+30.7%
R&D Expense

$48M

No prior period
Stock-Based Comp

$7.82M

Previous: $8.48M-7.8%

Revenue & EPS history

Nurix · Revenue · Quarterly

$16.6M

Q1 2024+30.7%vs Q1 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Nurix · $18.5M total across 1 segment · Q3 2023

  • Collaboration revenue
    $18.5M+71.1%

Forward guidance

Nurix expects to continue to achieve substantial research collaboration milestones throughout the terms of its collaborations with Gilead, Sanofi and Pfizer.

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 2024

Historical avgQ1 2024

+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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