NASDAQ$SNDX

Syndax Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Syndax reported financial results and provided a clinical and business update.

Syndax Pharmaceuticals reported its Q3 2021 financial results, highlighting the initiation of the pivotal Phase 2 portion of the SNDX-5613 AUGMENT-101 trial and a global collaboration with Incyte for axatilimab. Updated data from SNDX-5613 and axatilimab clinical programs will be presented at the ASH Annual Meeting.

  • Pivotal Phase 2 portion of SNDX-5613 AUGMENT-101 trial was initiated in patients with NPM1 and MLLr acute leukemias.
  • Global collaboration with Incyte was entered to develop and commercialize axatilimab for cGVHD and other fibrotic diseases.
  • Updated data from SNDX-5613 and axatilimab clinical programs will be presented at the 63rd ASH Annual Meeting.
  • A new trial to assess the anti-leukemic efficacy of SNDX-5613 in NPM1 or MLLr patients with measurable residual disease (MRD) progression following initial treatment planned.

Headline financials

Total Revenue

$12.4M

Previous: $379K+3165.2%
EPS (adj)

-$0.40

Previous: -$0.46+13.0%
Research and development

$25.6M

Previous: $14.4M+77.7%
Selling, general and administrative

$6.8M

Previous: $5.82M+16.8%
Free Cash Flow

-$20.6M

Previous: -$20.4M-1.0%
Net Income

-$20.6M

Previous: -$20.4M-1.0%
Operating Income

-$20M

Previous: -$19.9M-0.9%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$71.4M

Previous: $56.4M+26.8%
Total Assets

$240M

Previous: $179M+33.6%
Stock-Based Comp

$3.38M

No prior period

Revenue & EPS history

Syndax · Revenue · Quarterly

$12.4M

Q3 2021+3,165.2%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Syndax · $38M total across 2 segments · Q2 2025

  • Revuforj (product)
    $28.6M—
  • Niktimvo (collaboration)
    $9.36M—

Forward guidance

Syndax provided financial guidance for the full year of 2021.

Tailwinds

  • R&D expenses are expected to be $90 to $100 million.
  • Total operating expenses are expected to be $110 to $120 million.

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

+1.6%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+3.5%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+15.1%

Q4 2019

Best reaction

-21.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+3.9%-2.6%-5.2%
Q4 2025+5.1%+4.6%+13.6%
Q3 2025+11.6%+9.3%+43.5%
Q1 2025-21.6%-21.1%-17.8%
Q4 2024-7.1%-13.3%-19.5%
Q3 2024+12.7%+15.2%-11.3%
Q2 2024-7.3%-12.3%-9.5%
Q1 2024-5.2%-9.5%-15.9%
Q4 2023-2.1%-2.7%-2.4%
Q3 2023+6.3%+5.0%+19.0%
Q2 2023-3.5%-10.9%-4.5%
Q1 2023+7.8%+5.0%+3.8%
Q4 2022+1.6%-0.1%-15.6%
Q3 2022-2.0%-2.2%+9.5%
Q2 2022+0.5%+0.5%-2.4%
Q1 2022-5.8%-12.3%+10.1%
Q4 2021+3.3%-2.2%+11.5%
Q3 2021+2.1%-0.9%+5.9%
Q2 2021+7.0%+11.2%+23.9%
Q1 2021+14.6%+18.5%+21.5%
Q4 2020+0.4%-2.8%-5.3%
Q3 2020+8.8%+20.4%+30.9%
Q2 2020+6.5%-0.9%+0.7%
Q1 2020-1.8%+3.2%-8.0%
Q4 2019+15.1%+22.8%-0.6%
Q3 2019-0.3%+0.3%+24.5%
Q2 2019+10.6%+8.6%-3.0%
Q1 2019+9.1%+6.1%+3.9%
Q4 2018-13.5%-11.1%-4.2%
Q3 2018+2.1%+5.9%-3.5%
Q2 2018+12.0%+6.7%+8.8%
Q1 2018+9.9%+1.5%-25.5%
Q4 2017-1.5%-0.6%+47.9%
Q3 2017-11.7%-10.1%-28.4%
Q2 2017-5.7%-1.5%+8.0%
Q1 2017-7.0%+4.7%+26.7%
Q4 2016+5.0%+1.0%+18.0%
Q3 2016+0.9%-4.9%-17.1%
Q2 2016+5.6%+5.5%+3.1%
Q1 2016-2.1%——
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———

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