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Mar 31, 2024

Janux Q1 2024 Earnings Report

Janux reported financial results for Q1 2024 and provided a business update.

Key Takeaways

Janux Therapeutics reported a net loss of $14.8 million for the first quarter of 2024. The company's cash and cash equivalents and short-term investments totaled $651.8 million as of March 31, 2024. Enrollment is ongoing for PSMA-TRACTr (JANX007) in prostate cancer and EGFR-TRACTr (JANX008) in solid tumors.

Enrollment is ongoing for PSMA-TRACTr (JANX007) in prostate cancer.

Enrollment is ongoing for EGFR-TRACTr (JANX008) in solid tumors.

An update on JANX007 data and doses selected for expansion cohorts is anticipated in 2H 2024.

The company held $651.8 million in cash and cash equivalents and short-term investments at the end of the first quarter 2024.

Total Revenue
$1.25M
Previous year: $2.05M
-38.9%
EPS
-$0.3
Previous year: -$0.42
-28.6%
Gross Profit
$720K
Previous year: $1.6M
-54.9%
Cash and Equivalents
$652M
Previous year: $30.4M
+2047.3%
Free Cash Flow
-$15M
Previous year: -$14.2M
+5.9%
Total Assets
$689M
Previous year: $353M
+95.2%

Janux

Janux