NYSE$NUVB

Nuvation Bio Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended September 30, 2023, and provided a business update.

Nuvation Bio reported a net loss of $19.6 million, or $(0.09) per share, and had cash, cash equivalents and marketable securities of $619.3 million as of September 30, 2023.

  • Phase 1 monotherapy study of NUV-868 and Phase 1b study of NUV-868 in combination with olaparib or enzalutamide are ongoing.
  • Expect to submit an IND for first Drug-Drug Conjugate (DDC) clinical candidate by year end 2023.
  • Cash, cash equivalents, and marketable securities of $619.3 million as of September 30, 2023.
  • Reported a net loss of $19.6 million, or $(0.09) per share.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.09

Previous: -$0.12+25.0%
R&D Expenses

$18.6M

Previous: $21.3M-12.8%
SG&A Expenses

$7.78M

Previous: $8.04M-3.3%
Capital Expenditures

-$22K

No prior period
Free Cash Flow

-$16.2M

No prior period
Net Income

-$19.6M

Previous: -$27.2M+27.8%
Operating Income

-$26.3M

Previous: -$29.3M+10.2%
Gross Profit

-$55K

No prior period
Cash & Equivalents

$24.4M

Previous: $139M-82.4%
Total Assets

$631M

Previous: $686M-8.1%
R&D Expense

$18.6M

No prior period
Stock-Based Comp

$5.43M

Previous: $2.94M+84.7%

Revenue & EPS history

Nuvation Bio · Revenue · Quarterly

$0

Q3 2023
Beat estimate in 4 of 4 quarters(100%)
ActualEstimate

Forward guidance

Nuvation Bio expects to submit an IND for first Drug-Drug Conjugate (DDC) clinical candidate by year end 2023.

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 2023

Historical avgQ3 2023

+1.1%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+9.3%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+16.4%

Q3 2023

Best reaction

-25.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+6.7%+4.9%
Q4 2025-25.2%-21.4%-24.5%
Q3 2025-6.2%-8.5%+60.7%
Q1 2025+3.5%+7.4%+21.6%
Q4 2024+1.0%+0.0%+0.5%
Q3 2024+12.9%+29.7%+22.8%
Q2 2024-11.3%-15.8%-10.4%
Q1 2024-2.1%-1.5%-11.3%
Q4 2023+13.2%+10.7%+84.8%
Q3 2023+16.4%+15.5%+14.7%
Q2 2023+0.5%+12.0%-10.4%
Q1 2023+4.4%+0.6%+6.9%
Q4 2022+1.2%+0.6%+8.4%
Q3 2022-3.7%-7.4%-7.8%
Q2 2022+7.8%+12.1%+26.8%
Q1 2022-1.8%-9.3%-18.4%
Q4 2021-8.3%-13.7%+0.8%
Q3 2021+3.6%+6.2%+4.0%
Q2 2021+8.6%+4.3%+11.1%
Q1 2021+8.9%+26.7%-0.1%

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