earnings
confidence high
sentiment positive
materiality 0.75
Curis Q2 net loss $12.0M ($0.12/sh); FDA lifts partial clinical hold on TakeAim Leukemia study
CURIS INC
2023-Q2 EPS reported
-$0.24
revenue$4,494,000
- Net loss $12.0M ($0.12/sh) vs $15.9M ($0.17/sh) in Q2 2022; six-month net loss $23.5M ($0.24/sh).
- Revenue $2.2M from Erivedge royalties; R&D expense $10.0M (down 19% YoY), G&A $4.2M (down 18% YoY).
- FDA removed partial clinical hold on emavusertib TakeAim Leukemia study; confirmed RP2D at 300 mg BID.
- Cash, equivalents and investments $77.4M after July registered direct offering ($13.8M net); runway into 2025.
- Updated clinical data from monotherapy and combination studies expected in 2024.