NASDAQ$NRIX

Nurix Therapeutics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Nurix reported second quarter 2022 financial results and provided a corporate update.

Nurix Therapeutics reported collaboration revenue of $11.4 million for the second quarter of 2022, compared to $7.1 million for the same period in 2021. The net loss for the quarter was $45.4 million, or ($1.01) per share, compared to a net loss of $26.4 million, or ($0.60) per share for the same period in 2021. The company's cash, cash equivalents, and investments totaled $348.8 million as of May 31, 2022.

  • NX-2127 advanced to Phase 1b in CLL based on promising data in Phase 1a clinical trial
  • First patient dosed in NX-5948 Phase 1a clinical trial for certain B-cell malignancies
  • NX-1607 IND cleared FDA for expansion of enrollment to U.S. clinical sites for patients with solid tumors
  • Research engine achieved collaboration milestone for fifth consecutive quarter

Headline financials

Total Revenue

$11.4M

Previous: $7.09M+61.2%
EPS (adj)

-$1.01

Previous: -$0.60-68.3%
Capital Expenditures

-$6.26M

Previous: -$2.93M-113.4%
Free Cash Flow

-$51.7M

Previous: -$29.3M-76.2%
Net Income

-$45.4M

Previous: -$26.4M-72.1%
Operating Income

-$45.7M

Previous: -$26.4M-73.1%
Gross Profit

$11.4M

Previous: $7.09M+61.2%
Cash & Equivalents

$41.5M

Previous: $188M-77.9%
Total Assets

$394M

Previous: $518M-23.9%
Stock-Based Comp

$6.78M

Previous: $3.94M+71.8%

Revenue & EPS history

Nurix · Revenue · Quarterly

$11.4M

Q2 2022+61.2%vs Q2 2021
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Nurix · $11.4M total across 1 segment · Q2 2022

  • Collaboration revenue
    $11.4M+61.2%

Forward guidance

Nurix anticipates a payment of $1.5 million in the third fiscal quarter of 2022 related to a research milestone achieved under its collaboration with Gilead.

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 Q2 2022

Historical avgQ2 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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