earnings
confidence high
sentiment positive
materiality 0.60
Janux Q2 2024 net loss $6.0M; cash $646.3M; receives $7.5M Merck milestone
Janux Therapeutics, Inc.
2024-Q2 EPS reported
-$0.40
revenue$10,149,000
- Net loss of $6.0M vs $17.5M in Q2 2023; improvement driven by $7.5M milestone payment from Merck.
- Cash and investments $646.3M at June 30, 2024, up from $344.0M at Dec 31, 2023.
- R&D expense flat at $14.9M; G&A expense $7.8M vs $6.9M in prior year.
- Enrollment ongoing for JANX007 (PSMA) and JANX008 (EGFR) trials; JANX007 data update expected 2H 2024.
- Appointed Eric Dobmeier and Natasha Hernday to Board of Directors.