NASDAQ$CCCC

C4 Therapeutics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2022 and recent business highlights.

C4 Therapeutics reported a revenue of $13.8 million for the second quarter of 2022, compared to $9.8 million for the second quarter of 2021. Net loss for the quarter was $27.4 million, or $0.56 per share, compared to a net loss of $22.6 million, or $0.51 per share, for the second quarter of 2021. Cash, cash equivalents and marketable securities totaled $397.8 million as of June 30, 2022.

  • Advanced Enrollment in Phase 1/2 Clinical Trial of CFT7455
  • Dosed First Patient in Phase 1/2 Clinical Trial of CFT8634
  • Appointed Dr. Laura Bessen and Dr. Donna Grogan to Board of Directors
  • Cash, Cash Equivalents and Marketable Securities Total $397.8 million as of June 30, 2022; Expected to Provide Runway to End of 2024

Headline financials

Total Revenue

$13.8M

Previous: $9.78M+41.4%
EPS (adj)

-$0.56

Previous: -$0.51-9.8%
Capital Expenditures

-$701K

Previous: $747K-193.8%
Free Cash Flow

-$28.1M

Previous: -$18.7M-49.9%
Net Income

-$27.4M

Previous: -$22.6M-21.4%
Operating Income

-$27.4M

Previous: -$22.1M-23.8%
Gross Profit

$212K

Previous: -$13.5M+101.6%
Cash & Equivalents

$57.3M

Previous: $499M-88.5%
Total Assets

$492M

Previous: $528M-6.8%
Stock-Based Comp

$8.15M

Previous: $5.23M+55.9%

Revenue & EPS history

C4 Therapeutics · Revenue · Quarterly

$13.8M

Q2 2022+41.4%vs Q2 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

C4 Therapeutics · $13.8M total across 1 segment · Q2 2022

  • Collaboration agreements
    $13.8M+41.1%

Forward guidance

C4T expects that its cash, cash equivalents and marketable securities as of June 30, 2022, together with future payments expected to be received under existing collaboration agreements, will be sufficient to fund planned operating expenses and capital expenditures to the end of 2024.

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 Q2 2022

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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