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Jun 30, 2023

Janux Q2 2023 Earnings Report

Reported second quarter 2023 financial results and business highlights.

Key Takeaways

Janux Therapeutics reported positive interim Phase 1 clinical trial data for PSMA-TRACTr JANX007 in prostate cancer, strengthened their management team, and had $303.3 million in cash, cash equivalents, and short-term investments at the end of the second quarter 2023. They further strengthened their balance sheet with an approximately $60 million offering in July.

Presented positive interim Phase 1 clinical trial data for PSMA-TRACTr JANX007 in prostate cancer.

Management team bolstered with the appointment of Dr. Zachariah McIver as Vice President, Clinical Development.

Reported $303.3 million in cash, cash equivalents, and short-term investments at the end of the second quarter 2023.

Strengthened balance sheet with approximately $60 million offering in July.

Total Revenue
$1.06M
Previous year: $2.37M
-55.3%
EPS
-$0.42
Previous year: -$0.41
+2.4%
Gross Profit
$586K
Previous year: $2.26M
-74.0%
Cash and Equivalents
$33.7M
Previous year: $58.4M
-42.3%
Free Cash Flow
-$15.6M
Previous year: -$6.97M
+124.3%
Total Assets
$342M
Previous year: $385M
-11.4%

Janux

Janux

Janux Revenue by Segment

Forward Guidance

Janux plans to deploy the funds raised in July to advance another program into clinical trials and advance additional preclinical programs.