NASDAQ$CGEM

Cullinan Oncology Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Cullinan Oncology reported financial results for Q3 2022 and provided a corporate update.

Cullinan Oncology reported cash and investments of approximately $607 million as of September 30, 2022. The company is focused on advancing its pipeline and strategically deploying capital for investment, acceleration, and expansion.

  • Initiated pivotal study for zipalertinib (CLN-081/TAS6417).
  • Increased ownership in MICA subsidiary, which holds worldwide rights to CLN-619, from 54% to 92%.
  • Continued enrollment in CLN-049 and CLN-619 clinical studies with initial clinical data updates on track for mid-2023.
  • Cash and investments of approximately $607 million as of September 30, 2022.

Headline financials

Total Revenue

$0.00

Previous: $18.9M-100.0%
EPS (adj)

-$0.54

Previous: -$0.40-35.0%
Capital Expenditures

-$251K

Previous: -$11K-2181.8%
Free Cash Flow

-$25.1M

Previous: -$17.4M-44.3%
Net Income

-$24.8M

Previous: -$17.4M-43.0%
Operating Income

-$29.8M

Previous: -$18.4M-62.0%
Cash & Equivalents

$607M

Previous: $88.1M+588.7%
Total Assets

$617M

Previous: $453M+36.1%
Stock-Based Comp

$5.27M

Previous: $4.56M+15.7%

Revenue & EPS history

Cullinan Oncology · Revenue · Quarterly

$0

Q3 2022-100%vs Q3 2021
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Cullinan Oncology remains on track to file IND applications for CLN-617 and CLN-978 in the first half of 2023.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.5%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-2.1%

Avg return

30 days after

55%

11 / 20 earnings

Positive

+13.5%

Q1 2022

Best reaction

-10.8%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.6%+7.7%-10.0%
Q3 2025+0.8%+6.7%+44.9%
Q2 2025-10.8%-7.7%-11.3%
Q1 2025+2.3%+1.3%+5.8%
Q4 2024+1.9%-3.8%-5.1%
Q3 2024-2.8%-2.8%-20.8%
Q1 2024-9.7%-9.1%-28.4%
Q4 2023-6.2%-8.7%-1.8%
Q3 2023-2.7%-11.1%-17.7%
Q2 2023+4.3%-1.4%-0.6%
Q1 2023+1.2%-5.3%+36.0%
Q4 2022-1.5%+3.3%-9.1%
Q3 2022+3.8%+1.0%-3.0%
Q2 2022-5.6%+0.8%-3.5%
Q1 2022+13.5%+6.8%+12.1%
Q4 2021+8.8%+3.0%-8.6%
Q3 2021-4.5%-10.1%-28.8%
Q2 2021+7.8%+3.8%+8.0%
Q1 2021+2.2%+12.4%+13.1%
Q4 2020+9.5%+8.4%-13.9%
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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