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Jun 30, 2022

Janux Q2 2022 Earnings Report

Reported financial results for the second quarter ended June 30, 2022, and provided a business update.

Key Takeaways

Janux Therapeutics reported second quarter 2022 financial results, including cash and cash equivalents and short-term investments of $354.3 million. The FDA cleared the IND application for JANX007, and the IND application for EGFR-TRACTr (JANX008) remains on-track to be submitted in 2H 2022.

IND application cleared for lead product candidate JANX007 (PSMA-TRACTr).

Phase 1 clinical trial evaluating JANX007 for metastatic castration-resistant prostate cancer remains on-track to initiate in 2H 2022.

IND application for EGFR-TRACTr (JANX008) remains on-track to be submitted in 2H 2022.

Cash and cash equivalents and short-term investments totaled $354.3 million at the end of the second quarter 2022.

Total Revenue
$2.37M
Previous year: $482K
+390.7%
EPS
-$0.41
Previous year: -$0.62
-33.9%
Gross Profit
$2.26M
Previous year: -$4.26M
-153.0%
Cash and Equivalents
$58.4M
Previous year: $252M
-76.8%
Free Cash Flow
-$6.97M
Previous year: -$6.28M
+11.0%
Total Assets
$385M
Previous year: $397M
-2.9%

Janux

Janux

Janux Revenue by Segment

Forward Guidance

Janux expects to submit an IND application to the FDA for its EGFR-TRACTr (JANX008) in 2H 2022 and for its TROP2-TRACTr in 2023. Janux expects to submit an IND application to the FDA for its PD-L1xCD28 TRACIr in 2023.