•
Mar 31, 2024

NextCure Q1 2024 Earnings Report

NextCure reported first quarter 2024 financial results and provided a business update.

Key Takeaways

NextCure reported a net loss of $17.1 million for the first quarter of 2024, with cash, cash equivalents, and marketable securities totaling $96.0 million. The company expects these financial resources to fund operations into the second half of 2026.

Phase 1b data for NC410 in combination with pembrolizumab will be presented at ASCO in June.

Preclinical data from LNCB74 (B7-H4 ADC) was presented at AACR.

Cash of approximately $96.0 million is expected to fund operations into the second half of 2026.

Planned submission of an investigational new drug application for LNCB74 by year-end.

Total Revenue
$0
EPS
-$0.61
Previous year: -$0.58
+5.2%
R&D Expenses
$11.4M
Previous year: $11.6M
-2.1%
G&A Expenses
$4.4M
Previous year: $5.42M
-18.9%
Restructuring & Impairment
$2.5M
Gross Profit
-$940K
Cash and Equivalents
$96M
Previous year: $145M
-34.0%
Free Cash Flow
-$12.6M
Previous year: -$15M
-15.9%
Total Assets
$115M
Previous year: $168M
-31.4%

NextCure

NextCure