NASDAQ$NRIX

Nurix Therapeutics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Nurix reported financial results for the third quarter ended August 31, 2021 and provided a corporate update.

Nurix Therapeutics reported collaboration revenue of $10.3 million and a net loss of $28.8 million, or ($0.65) per share for the third quarter ended August 31, 2021. The company's cash, cash equivalents and investments totaled $465.4 million as of August 31, 2021.

  • Initiated Phase 1 trial of lead CBL-B E3 ligase inhibitor program NX-1607 in patients with cancer
  • Expanded Board of Directors with experienced business leaders
  • Collaboration revenue increased due to the continued scale up of internal resources and external spending for collaborations with Sanofi and Gilead
  • Cash position remains strong with $465.4 million as of August 31, 2021

Headline financials

Total Revenue

$10.3M

Previous: $4.09M+151.0%
EPS (adj)

-$0.65

Previous: -$0.59-10.2%
Capital Expenditures

-$4.8M

Previous: $1.67M-387.4%
Free Cash Flow

-$33.6M

Previous: -$7.81M-330.6%
Net Income

-$28.8M

Previous: -$18.5M-55.7%
Operating Income

-$29M

Previous: -$19.2M-51.1%
Gross Profit

$10.3M

Previous: -$14.9M+169.0%
Cash & Equivalents

$147M

Previous: $266M-44.5%
Total Assets

$493M

Previous: $412M+19.7%
Stock-Based Comp

$4.31M

Previous: $1.12M+286.8%

Revenue & EPS history

Nurix · Revenue · Quarterly

$10.3M

Q3 2021+151%vs Q3 2020
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Nurix · $10.3M total across 1 segment · Q3 2021

  • Collaboration revenue
    $10.3M+151.0%

Forward guidance

The remainder of 2021 promises to be an exciting time for Nurix as they prepare to deliver on their ambitious goal of initiating Phase 1 trials for two additional wholly owned and internally developed drug candidates.

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 2021

Historical avgQ3 2021

+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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