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Sep 30, 2023

Curis Q3 2023 Earnings Report

Curis reported financial results for the third quarter of 2023, showing a net loss, revenue from royalties, and progress in clinical trials for Emavusertib.

Key Takeaways

Curis, Inc. reported a net loss of $12.2 million for Q3 2023, with revenues of $2.8 million from royalties. The company is advancing its clinical development of emavusertib, with ongoing trials and upcoming data presentations.

Re-started patient enrollment in both the Phase 1/2 TakeAim Leukemia monotherapy and TakeAim Lymphoma combination studies after the removal of the partial clinical hold.

Expects to initiate a triplet combination study in AML in the fourth quarter.

Will present updated data from the TakeAim Lymphoma combination study at ASH in December.

Cash, cash equivalents and investments totaled $68.5 million, expected to fund operations into 2025.

Total Revenue
$2.83M
Previous year: $2.83M
+0.3%
EPS
-$2.13
Previous year: -$2.8
-23.9%
Gross Profit
$2.77M
Previous year: $2.76M
+0.4%
Cash and Equivalents
$68.5M
Previous year: $98.7M
-30.6%
Free Cash Flow
-$8.18M
Previous year: -$13.2M
-37.9%
Total Assets
$90M
Previous year: $123M
-26.8%

Curis

Curis

Forward Guidance

Curis expects its existing cash, cash equivalents and investments to enable its planned operations into 2025.