NASDAQ$CCCC
C4 Therapeutics Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
C4 Therapeutics reported financial results for the third quarter ended September 30, 2023 and recent business highlights.
C4 Therapeutics reported a net loss of $27.0 million for Q3 2023, with revenue of $11.1 million. The company's cash, cash equivalents, and marketable securities totaled $246.4 million as of September 30, 2023, expected to provide runway into 2H 2025. A portfolio decision was made to not advance CFT8634 in Synovial Sarcoma and SMARCB-1 Null Tumors.
- Prioritized ongoing Phase 1/2 trials of CFT7455 and CFT1946.
- CFT8634 will not advance in Synovial Sarcoma and SMARCB-1 Null Tumors due to insufficient single agent efficacy.
- Phase 1 dose escalation of CFT7455 continues in combination with Dexamethasone in Relapsed/Refractory Multiple Myeloma and as a monotherapy in Non-Hodgkin’s Lymphoma.
- Cash, cash equivalents, and marketable securities totaled $246.4 million as of September 30, 2023, expected to provide runway into 2H 2025.
Headline financials
Revenue & EPS history
C4 Therapeutics · Revenue · Quarterly
$11.1M
Revenue by segment
C4 Therapeutics · $11.1M total across 1 segment · Q3 2023
- Collaboration agreements$11.1M+63.9%100.0%
Forward guidance
C4T expects that its cash, cash equivalents and marketable securities as of September 30, 2023, will be sufficient to fund planned operating expenses and capital expenditures into the second half of 2025.
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 Q3 2023
+1.0%
Avg return
Earnings day
+4.1%
Avg return
5 days after
-1.1%
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% | +22.2% | |
| 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% | |
| Q3 2020 | -3.7% | +8.3% | +8.3% | |
| Q4 2019 | -3.7% | +8.3% | +8.3% | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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