•
Feb 28, 2022

Nurix Q1 2022 Earnings Report

Reported financial results for the first quarter and provided a corporate update.

Key Takeaways

Nurix Therapeutics reported collaboration revenue of $9.6 million for the first quarter ended February 28, 2022. The company's net loss was $42.5 million, or ($0.95) per share. As of February 28, 2022, Nurix had cash, cash equivalents and investments of $385.7 million.

Dosed first patient in the Phase 1 trial of DeTIL-0255, Nurix’s drug-enhanced tumor infiltrating lymphocyte (TIL) program

Awarded Innovation Passport for Entry into Innovative Licensing and Access Pathway (ILAP) in the United Kingdom for NX-1607

Reported strong financial position with $385.7 million in cash and investments as of February 28, 2022

Achieved research milestones under its collaboration with Gilead and Sanofi

Total Revenue
$9.62M
Previous year: $5.01M
+92.0%
EPS
-$0.95
Previous year: -$0.63
+50.8%
Gross Profit
$7.37M
Cash and Equivalents
$78.8M
Previous year: $126M
-37.7%
Free Cash Flow
-$46.1M
Total Assets
$438M

Nurix

Nurix

Nurix Revenue by Segment

Forward Guidance

Expected timing of events throughout the press release are based on calendar year quarters.