NASDAQ$CCCC
C4 Therapeutics Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported financial results and business highlights for the first quarter of 2022.
C4 Therapeutics reported first quarter 2022 financial results, highlighting clinical data from the CFT7455 Phase 1/2 trial presented at AACR and the initiation of a Phase 1/2 clinical trial for CFT8634. The company's cash, cash equivalents, and marketable securities totaled $421.7 million as of March 31, 2022, expected to provide runway to the end of 2024.
- Presented clinical data from Cohort A of the CFT7455 Phase 1/2 clinical trial at AACR, demonstrating deep and durable degradation of IKZF1/3.
- Initiated a Phase 1/2 clinical trial for CFT8634 for patients with synovial sarcoma and SMARCB1-null solid tumors.
- Showcased the potential of the TORPEDO® platform at AACR with pre-clinical presentations on CFT7455, CFT8634, and CFT1946.
- Cash, cash equivalents, and marketable securities totaled $421.7 million as of March 31, 2022, expected to provide runway to the end of 2024.
Headline financials
Revenue & EPS history
C4 Therapeutics · Revenue · Quarterly
$7.65M
Revenue by segment
C4 Therapeutics · $11.1M total across 1 segment · Q3 2023
- Collaboration agreements$11.1M+63.9%100.0%
Forward guidance
C4T anticipates several milestones including continued enrollment in the CFT7455 and CFT8634 Phase 1/2 trials, submission of an IND application and initiation of a Phase 1 trial for CFT1946, and completion of IND-enabling activities for CFT8919.
Tailwinds
- Continued enrollment of the Phase 1/2 trial throughout 2022 for CFT7455 to inform the identification of a recommended Phase 2 dose(s) and schedule(s) for MM and NHL.
- Dose the first patient in CFT8634 Phase 1/2 clinical trial in 1H 2022 and continue to enroll the trial throughout 2022, informing the identification of a recommended Phase 2 dose for synovial sarcoma and SMARCB1-null solid tumors.
- Submit an IND application and initiate a Phase 1 trial of CFT1946 in BRAF V600X-driven cancers including melanoma, colorectal and non-small cell lung cancer in 2H 2022.
- Complete IND-enabling activities for CFT8919 by year-end 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.0%
Avg return
Earnings day
+4.1%
Avg return
5 days after
-2.2%
Avg return
30 days after
38%
9 / 24 earnings
Positive
+24.0%
Q4 2023
Best reaction
-10.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +13.0% | — | |
| Q4 2025 | +0.4% | +17.4% | +13.9% | |
| Q3 2025 | -2.0% | -10.0% | +8.0% | |
| Q1 2025 | -0.7% | -1.4% | +21.7% | |
| Q4 2024 | -1.9% | -10.2% | -34.0% | |
| Q3 2024 | +1.4% | +10.1% | -17.7% | |
| Q1 2024 | +0.1% | -9.1% | -31.4% | |
| Q4 2023 | +24.0% | +34.5% | +13.4% | |
| Q3 2023 | -6.0% | +21.5% | +7.4% | |
| Q2 2023 | -1.7% | -3.1% | -33.8% | |
| Q1 2023 | +4.8% | +5.6% | +8.0% | |
| Q4 2022 | -10.0% | -11.0% | -40.2% | |
| Q3 2022 | -8.1% | -6.4% | -11.8% | |
| Q2 2022 | +16.7% | +6.9% | -8.7% | |
| Q1 2022 | -8.1% | -19.3% | -24.4% | |
| Q4 2021 | +13.9% | +13.9% | +24.3% | |
| Q3 2021 | -4.6% | -7.3% | -23.6% | |
| Q2 2021 | +8.0% | +5.6% | +33.6% | |
| Q1 2020 | -0.6% | +7.4% | +20.4% | |
| Q1 2021 | -0.6% | +7.4% | +20.4% | |
| Q2 2020 | +9.6% | +7.2% | -19.8% | |
| Q3 2019 | -3.7% | +8.3% | +8.3% | |
| Q4 2019 | -3.7% | +8.3% | +8.3% | |
| Q3 2020 | -3.7% | +8.3% | +8.3% | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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