earnings
confidence high
sentiment neutral
materiality 0.60
NextCure reports FY2022 net loss of $74.7M; cash $159.9M, runway into mid-2025
NextCure, Inc.
- Net loss of $74.7M for FY2022 vs $69.4M in FY2021, driven by higher R&D expenses.
- Cash, equivalents, and marketable securities $159.9M at Dec 31, 2022, down from $219.6M.
- R&D expenses $54.2M (FY2022) vs $50.2M (FY2021); G&A $21.7M vs $20.6M.
- NC410 Phase 1b/2 combo with pembrolizumab update expected mid-2023; NC762 update Q4 2023.
- NC525 dosed first patient in Phase 1 AML trial Feb 2023; initial data expected Q4 2023.