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%
R&D Expenses

$25.6M

Previous: $14.4M+77.7%
SG&A Expenses

$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

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 20 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
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro