NASDAQ$NRIX

Nurix Therapeutics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Nurix reported fourth quarter and fiscal year 2020 financial results and provided a corporate update.

Nurix Therapeutics reported collaboration revenue of $6.7 million for the fourth quarter of 2020, with a net loss of $19.9 million, or $0.51 per share. The company's cash, cash equivalents, and investments totaled $372.0 million as of November 30, 2020.

  • First Investigational New Drug (IND) application cleared for NX-2127 in patients with relapsed and refractory B-cell malignancies
  • Three additional wholly owned programs expected to enter clinical trials in 2021
  • Expanded Sanofi collaboration resulting in option exercise payment of $22 million
  • Year-end cash and investments totaling $372 million

Headline financials

Total Revenue

$6.69M

Previous: $1.86M+259.2%
EPS (adj)

-$0.51

Previous: -$0.65+21.6%
Net Income

-$19.9M

Previous: -$13.5M-47.3%
Operating Income

-$20M

Previous: -$13.6M-47.5%
Cash & Equivalents

$119M

No prior period
Total Assets

$396M

No prior period

Revenue & EPS history

Nurix · Revenue · Quarterly

$6.69M

Q4 2020+259.2%vs Q4 2019
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Nurix · $6.7M total across 1 segment · Q4 2020

  • Collaboration revenue
    $6.7M

Forward guidance

Nurix anticipates commencing Phase 1 trials for NX-1607, NX-5948 and DeTIL-0255 in the second half of 2021 and dosing the first patient in a Phase 1a/1b trial for NX-2127 in the first quarter of 2021.

Tailwinds

  • Open IND and anticipates dosing the first patient in a Phase 1a/1b trial for NX-2127 in the first quarter of 2021.
  • Anticipates commencing a Phase 1 trial for NX-1607 in the second half of 2021.
  • Anticipates commencing a Phase 1 trial for NX-5948 in the second half of 2021.
  • Anticipates commencing a Phase 1 trial for DeTIL-0255 in the second half of 2021

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 Q4 2020

Historical avgQ4 2020

+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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