NASDAQ$CARM

Carisma Therapeutics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Carisma Therapeutics reported financial results for the third quarter of 2023 and highlighted recent business updates.

Carisma Therapeutics reported its Q3 2023 financial results, highlighting advancements in clinical and pre-clinical programs, including data from the Phase 1 clinical study of CT-0508 and pre-clinical work with Moderna. The company's cash, cash equivalents, and marketable securities are expected to fund operations into the first quarter of 2025.

  • Presented updated data from Phase 1 clinical trial of CT-0508 at CAR-TCR Summit.
  • Selected clinical candidate for CT-1119, an anti-mesothelin CAR-Monocyte.
  • Presented pre-clinical proof of concept data of in vivo CAR-M from the collaboration with Moderna at SITC.
  • Cash, cash equivalents and marketable securities of $94.1 million are expected to fund the company into the first quarter of 2025.

Headline financials

Total Revenue

$3.83M

Previous: $40M-90.4%
EPS (adj)

-$0.53

Previous: -$8.37+93.7%
Capital Expenditures

-$571K

Previous: -$4K-14175.0%
Free Cash Flow

-$65.7M

Previous: $22.2M-395.6%
Net Income

-$21.4M

Previous: $20.5M-204.6%
Operating Income

-$22.3M

Previous: $19.8M-213.0%
Gross Profit

$3.13M

Previous: -$13M+124.1%
Cash & Equivalents

$83.1M

Previous: $71.1M+16.9%
Total Assets

$107M

Previous: $200M-46.5%
R&D Expense

$19.6M

No prior period
Stock-Based Comp

$848K

Previous: $2.17M-60.9%

Revenue & EPS history

Carisma Therapeutics · Revenue · Quarterly

$3.83M

Q3 2023-90.4%vs Q3 2022
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

Carisma Therapeutics · $19.6M total across 1 segment · Q4 2024

  • Collaboration Revenues
    $19.6M

Forward guidance

Carisma Therapeutics believes its current cash, cash equivalents, and marketable securities will sustain planned operations into the first quarter of 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+0.9%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+6.2%

Avg return

30 days after

54%

26 / 48 earnings

Positive

+32.8%

Q2 2016

Best reaction

-29.2%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+6.2%+10.1%-98.0%
Q3 2025+2.4%+27.8%+22.6%
Q2 2025-11.8%-8.6%+31.7%
Q1 2025+3.1%-1.4%+153.1%
Q4 2024+11.5%+5.7%-5.6%
Q3 2024-9.0%-10.4%-28.0%
Q2 2024+10.7%+26.2%+25.0%
Q1 2024-4.5%-5.8%-30.3%
Q4 2023-11.5%-19.8%-28.2%
Q3 2023-19.5%-11.1%-15.4%
Q2 2023+12.9%+22.4%-12.9%
Q1 2023-12.3%-17.7%+4.1%
Q4 2022+1.2%-9.6%+62.9%
Q3 2022+0.5%
Q2 2022-3.6%
Q1 2022-1.3%
Q4 2021-2.5%
Q3 2021+3.4%
Q2 2021-8.8%
Q1 2021+5.4%
Q4 2020+5.6%
Q3 2020+3.9%
Q2 2020+7.0%
Q1 2020+1.6%
Q4 2019-29.2%
Q3 2019+0.9%
Q2 2019+1.7%
Q1 2019-2.9%
Q4 2018+0.0%
Q3 2018-7.0%
Q2 2018+2.1%
Q1 2018+17.1%
Q4 2017+19.0%
Q3 2017+2.8%
Q2 2017-12.4%
Q1 2017-2.7%
Q4 2016+13.7%
Q3 2016-4.2%
Q2 2016+32.8%
Q1 2016+6.1%
Q4 2015-8.6%
Q3 2015-0.7%
Q2 2015+15.2%
Q1 2015+17.9%
Q4 2014-2.4%
Q3 2014-2.1%
Q2 2014-3.9%
Q1 2014+1.1%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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