NASDAQ$CLDX

Celldex Therapeutics Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2021 and provided a corporate update.

Celldex reported a total revenue of $3.5 million and a net loss of $13.4 million, or ($0.34) per share, for the second quarter of 2021. The company's cash, cash equivalents and marketable securities were $164.0 million as of June 30, 2021. They raised $287 million in gross proceeds from a follow-on public offering of common stock, closed in July 2021.

  • Reported positive data from CDX-0159 Phase 1b Study in Chronic Inducible Urticaria presented at EAACI 2021
  • Raised $287 million in gross proceeds from a follow-on public offering of common stock, closed in July 2021
  • Cash, cash equivalents and marketable securities as of June 30, 2021 were $164.0 million
  • Total revenue was $3.5 million in the second quarter of 2021

Headline financials

Total Revenue

$3.48M

Previous: $236K+1374.6%
EPS (adj)

-$0.34

Previous: -$0.50+32.0%
Capital Expenditures

-$710K

Previous: -$1.15M+38.0%
Free Cash Flow

-$15M

Previous: -$12.2M-23.1%
Net Income

-$14.3M

Previous: -$11M-29.4%
Operating Income

-$13.4M

Previous: -$11.4M-18.3%
Gross Profit

-$8.88M

No prior period
Cash & Equivalents

$164M

Previous: $207M-20.7%
Total Assets

$205M

No prior period
Stock-Based Comp

$1.51M

No prior period

Revenue & EPS history

Celldex · Revenue · Quarterly

$3.48M

Q2 2021+1,374.6%vs Q2 2020
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Celldex believes that the cash, cash equivalents and marketable securities at June 30, 2021, along with the approximately $270.0 million in net proceeds raised in our July 2021 underwritten public offering of common stock, are sufficient to meet estimated working capital requirements and fund planned operations through 2025.

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 Q2 2021

Historical avgQ2 2021

+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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