NASDAQ$NVCT

Nuvectis Pharma Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2024 and provided an update on recent business progress.

Nuvectis Pharma reported a net loss of $4.2 million for the third quarter of 2024. The company's cash, cash equivalents, and short-term investments were $17.2 million as of September 30, 2024. The company is continuing to advance the development programs of NXP800 and NXP900.

  • Advanced the development programs of NXP800 and NXP900.
  • Anticipate the upcoming clinical data update from the Phase 1b study in platinum-resistant, ARID1a-mutated ovarian cancer this month for NXP800.
  • Obtained a second Orphan Drug Designation for NXP800 from the FDA, for the treatment of ARID1a-deficient ovarian, fallopian tube, and primary peritoneal cancers.
  • Cleared 4 cohorts in the dose escalation Phase 1 study for NXP900 with no reports of dose limiting toxicities, and the dose escalation continues.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.24

Previous: -$0.37+35.1%
Capital Expenditures

$0.00

Previous: $0.00
Free Cash Flow

-$2.4M

Previous: -$3.24M+25.9%
Net Income

-$4.2M

Previous: -$5.9M+28.8%
Operating Income

-$4.36M

Previous: -$6.16M+29.2%
Gross Profit

$0.00

Previous: $0.00
R&D Expense

$2.82M

Previous: $4.49M-37.2%
Stock-Based Comp

$1.16M

Previous: $1.13M+2.3%

Revenue & EPS history

Nuvectis Pharma · Revenue · Quarterly

$0

Q3 2024

Forward guidance

Nuvectis Pharma believes that its current cash position will allow it to meet important milestones for both clinical programs and provide working capital well into 2026.

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 Q3 2024

Historical avgQ3 2024

+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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