NASDAQ$NXTC

NextCure Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

NextCure prioritized NC410 combo and LNCB74 programs and restructured operations.

NextCure is prioritizing its NC410 combo and LNCB74 programs while seeking partnerships for other assets. The company has restructured operations, reducing the workforce by approximately 37%, and expects current cash reserves to fund operations into the second half of 2026.

  • Prioritizing NC410 combo (ovarian and CRC) and LNCB74 (B7-H4 ADC) programs.
  • Expanding ovarian and CRC cohorts with data updates expected in 2024 based on early evidence of clinical activity with NC410 combo.
  • Planned filing of an IND for LNCB74 by year-end 2024, in collaboration with LegoChem.
  • Restructured operations, including a workforce reduction, to better align resources toward prioritized programs.

Headline financials

Total Revenue

$6.28M

No prior period
EPS (adj)

-$0.52

Previous: -$0.62+16.1%
R&D Expenses

$47.9M

No prior period
G&A Expenses

$19.7M

No prior period
Other Income, Net

$4.91M

No prior period
Weighted Avg Shares

27.8M

No prior period
Accounts Payable

$6.88M

No prior period
Stockholders' Equity

$114M

No prior period
Capital Expenditures

-$13K

Previous: $865K-101.5%
Net Income

-$14.5M

Previous: -$74.7M+80.6%
Operating Income

-$15.8M

Previous: -$75.9M+79.2%
Gross Profit

$5.46M

No prior period
R&D Expense

$11.8M

No prior period
Stock-Based Comp

$1.98M

Previous: $2.33M-14.7%

Revenue & EPS history

NextCure · Revenue · Quarterly

$6.28M

Q4 2023

Forward guidance

NextCure expects its existing cash, cash equivalents and marketable securities will enable it to fund operating expenses and capital expenditures into the second half of 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 Q4 2023

Historical avgQ4 2023

+0.7%

Avg return

Earnings day

+1.0%

Avg return

5 days after

-1.4%

Avg return

30 days after

36%

10 / 28 earnings

Positive

+34.8%

Q4 2023

Best reaction

-19.8%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-2.9%+6.6%-16.0%
Q3 2025-8.8%-5.4%+25.6%
Q2 2025-4.4%+1.9%-4.8%
Q2 2024-1.2%+1.9%-4.8%
Q1 2025-7.7%-20.8%+2.5%
Q4 2024+6.1%-1.7%-37.7%
Q3 2024-1.5%+18.0%-12.6%
Q1 2024+11.7%+15.3%+12.4%
Q4 2023+34.8%+39.7%+13.5%
Q3 2023+10.3%+6.5%+12.1%
Q2 2023-2.9%-2.3%-18.9%
Q1 2023+4.6%+14.5%+14.5%
Q4 2022-4.5%-5.1%-5.7%
Q3 2022-19.8%-31.2%-42.9%
Q2 2022+9.8%+14.0%-5.1%
Q1 2022-4.5%-15.1%+4.8%
Q4 2021-1.4%+0.4%+2.7%
Q3 2021-1.4%-23.5%-34.5%
Q2 2021+5.8%+3.2%+7.5%
Q1 2021+3.4%+5.0%-1.0%
Q4 2020-2.0%+2.1%-12.7%
Q3 2020-4.3%+0.9%+11.0%
Q2 2020-1.3%-3.1%-14.2%
Q1 2020+12.2%+4.0%-24.8%
Q4 2019-12.3%+4.0%+5.2%
Q3 2019-3.3%-7.6%+31.3%
Q2 2019+11.7%+11.1%+53.9%
Q1 2019-6.8%-6.3%+0.5%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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