NASDAQ$CLDX

Celldex Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results with a net loss for the first quarter of 2024.

Celldex Therapeutics reported its Q1 2024 financial results, with a revenue of $0.2 million and a net loss of $32.8 million. The company's cash position is strong at $823.8 million, expected to fund operations through 2027.

  • Cash, cash equivalents and marketable securities totaled $823.8 million as of March 31, 2024.
  • Total revenue was $0.2 million in the first quarter of 2024.
  • Research and development expenses were $31.7 million in the first quarter of 2024.
  • Net loss was $32.8 million, or ($0.56) per share, for the first quarter of 2024.

Headline financials

Total Revenue

$156K

Previous: $967K-83.9%
EPS (adj)

-$0.56

Previous: -$0.62+9.7%
Capital Expenditures

-$344K

Previous: -$585K+41.2%
Free Cash Flow

-$41M

Previous: -$33.1M-23.9%
Net Income

-$40.6M

Previous: -$32.5M-25.1%
Operating Income

-$40.6M

Previous: -$32.5M-25.1%
Gross Profit

-$619K

Previous: $241K-356.8%
R&D Expense

$30.9M

No prior period
Stock-Based Comp

$7.2M

Previous: $4.34M+65.9%

Revenue & EPS history

Celldex · Revenue · Quarterly

$156K

Q1 2024-83.9%vs Q1 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Celldex believes that the cash, cash equivalents and marketable securities at March 31, 2024 are sufficient to meet estimated working capital requirements and fund current planned operations through 2027.

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 Q1 2024

Historical avgQ1 2024

+1.3%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+1.7%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+35.2%

Q4 2023

Best reaction

-21.5%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.2%-7.0%-16.8%
Q4 2025-0.6%-6.1%-1.7%
Q3 2025+7.6%+12.7%+23.2%
Q1 2025+2.2%-0.4%-0.5%
Q4 2024-1.6%-3.1%-3.4%
Q3 2024+4.1%+3.1%+5.3%
Q2 2024+2.7%+3.8%+36.5%
Q1 2024-0.8%-6.2%-22.4%
Q4 2023+35.2%+37.4%+10.7%
Q3 2023+10.2%+23.1%+35.9%
Q2 2023-6.5%-7.4%-13.3%
Q1 2023+5.8%+5.3%+5.5%
Q4 2022+7.9%+8.7%-17.4%
Q3 2022+9.4%+5.6%+7.5%
Q2 2022-3.8%+1.7%-17.7%
Q1 2022-10.3%-10.6%-23.4%
Q4 2021+4.7%+0.5%+14.7%
Q3 2021+0.6%-7.6%-18.1%
Q2 2021+6.2%+3.7%+20.9%
Q1 2021-1.3%-3.3%+0.8%
Q4 2020-16.9%-4.0%+30.4%
Q3 2020+1.4%+9.6%+10.3%
Q2 2020-3.5%-12.3%-7.5%
Q1 2020+0.4%+0.4%+29.4%
Q4 2019+3.4%-7.3%+68.2%
Q3 2019-2.5%-5.0%-7.9%
Q2 2019+6.2%+1.4%+2.9%
Q1 2019-6.6%-15.4%-36.1%
Q4 2018+9.0%+4.3%-7.3%
Q3 2018+15.2%+3.0%-21.2%
Q2 2018+0.0%-6.7%+2.2%
Q1 2018-5.2%-7.8%-15.6%
Q4 2017+14.1%+17.0%-17.4%
Q3 2017+15.5%+14.7%+23.1%
Q2 2017+2.4%-0.8%+11.7%
Q1 2017+0.7%+2.9%-23.5%
Q4 2016+1.8%+2.1%-2.1%
Q3 2016+22.3%+39.8%+21.7%
Q2 2016+0.4%-4.3%-21.5%
Q1 2016-8.9%
Q4 2015+10.9%
Q3 2015+5.4%
Q2 2015-21.4%
Q1 2015+0.3%
Q4 2014+0.9%
Q3 2014-21.5%
Q2 2014+4.0%
Q1 2014-3.3%
Q4 2013-5.2%
Q3 2013+4.2%
Q2 2013-6.7%
Q1 2013+2.5%
Q4 2012+13.3%
Q3 2012+5.9%
Q2 2012-2.6%
Q1 2012+1.5%
Q4 2011+2.6%
Q3 2011-3.6%
Q2 2011-15.9%
Q1 2011+0.5%
Q4 2010-5.4%
Q3 2010+7.6%
Q2 2010-3.9%
Q1 2010-2.2%

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