NASDAQ$NVCT

Nuvectis Pharma Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

NXP900 IND was cleared by the FDA.

Nuvectis Pharma announced that the FDA cleared the Investigational New Drug Application for NXP900, including the Phase 1 clinical trial protocol. Nuvectis now has two precision oncology, clinical-stage drug candidates, NXP800 and NXP900.

  • FDA cleared the Company's Investigational New Drug Application for NXP900.
  • Nuvectis has two precision oncology, clinical-stage drug candidates, NXP800 and NXP900.
  • NXP900 presents a unique opportunity due to its differentiated mechanism of action and pharmacologic attributes.
  • Phase 1a study for NXP900 is expected to commence in the coming months.

Headline financials

Total Revenue

$4.1M

No prior period
EPS (adj)

-$0.27

Previous: -$0.32+15.6%
Net Income

-$4M

Previous: -$2.94M-36.0%
Operating Income

-$4.1M

Previous: -$2.94M-39.4%
Cash & Equivalents

$15.5M

Previous: $16.7M-7.3%
Total Assets

$16.2M

Previous: $17.6M-8.0%
Stock-Based Comp

$1.4M

Previous: $156K+798.7%

Revenue & EPS history

Nuvectis Pharma · Revenue · Quarterly

$4.1M

Q1 2023

Forward guidance

Nuvectis is focused on the development of innovative precision medicines for the treatment of serious conditions of unmet medical need in oncology and is currently developing two drug candidates, NXP800 and NXP900.

Tailwinds

  • NXP800 is a clinical stage, oral small molecule currently in a Phase 1b study.
  • NXP800 was granted Fast Track Designation by the FDA for the treatment of platinum-resistant, ARID1a-mutated, ovarian carcinoma.
  • NXP900 is a novel inhibitor of SFKs with low nanomolar potency against YES1 and SRC.
  • The IND for NXP900 has been cleared by the FDA.
  • The Phase 1a study for NXP900 is expected to commence in the coming months.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+2.4%

Avg return

Earnings day

+7.2%

Avg return

5 days after

-3.7%

Avg return

30 days after

65%

13 / 20 earnings

Positive

+29.2%

Q3 2024

Best reaction

-14.9%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.4%+31.6%+8.8%
Q4 2026+0.5%+0.2%+3.3%
Q3 2025-7.9%-3.5%+6.1%
Q2 2025-5.4%-17.7%-10.6%
Q1 2025+6.4%+8.3%-9.4%
Q4 2024-5.8%-9.1%+31.1%
Q3 2024+29.2%+71.3%-24.6%
Q1 2024-14.9%-15.3%-13.6%
Q4 2023-4.5%-0.4%-25.1%
Q3 2023-7.9%-6.6%-8.4%
Q2 2023+1.4%+1.1%-7.0%
Q1 2023+5.8%+6.3%+14.0%
Q4 2022-7.1%-9.5%+9.2%
Q3 2021+0.9%-3.5%+7.7%
Q3 2022+0.9%-3.5%+7.7%
Q2 2021+1.1%+10.1%-0.6%
Q2 2022+2.6%-3.0%-3.7%
Q1 2021+18.8%+28.8%-24.4%
Q4 2021+18.8%+33.6%-15.6%
Q1 2022+5.4%+25.2%-19.4%

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