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Feb 29, 2024

Nurix Q1 2024 Earnings Report

Reported financial results for the first quarter ended February 29, 2024, and provided a corporate update.

Key Takeaways

Nurix Therapeutics reported revenue of $16.6 million for the first quarter of fiscal year 2024, compared to $12.7 million for the same period in the previous year. The net loss for the quarter was $41.5 million, or $0.76 per share, compared to a net loss of $40.7 million, or $0.75 per share, for the first quarter of fiscal year 2023.

Extended the strategic collaboration with Gilead Sciences.

Extended the strategic collaboration with Sanofi to develop novel orally available targeted protein degrader of STAT6.

Presented new case studies on NX-5948 demonstrating clinical responses in patients with CNS lymphoma and CLL with CNS involvement.

Announced that Nurix is part of a team of experts selected as awardees in this year’s Cancer Grand Challenges.

Total Revenue
$16.6M
Previous year: $12.7M
+30.7%
EPS
-$0.76
Previous year: -$0.75
+1.3%
Gross Profit
$12.7M
Previous year: $9.51M
+33.6%
Cash and Equivalents
$49.8M
Previous year: $33.6M
+48.4%
Free Cash Flow
-$44.8M
Previous year: -$50.7M
-11.6%
Total Assets
$313M
Previous year: $370M
-15.5%

Nurix

Nurix

Nurix Revenue by Segment

Forward Guidance

Nurix expects to continue to achieve substantial research collaboration milestones throughout the terms of its collaborations with Gilead, Sanofi and Pfizer.