NASDAQ$CLDX

Celldex Therapeutics Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2023 and provided a corporate update.

Celldex Therapeutics reported its Q2 2023 financial results, with total revenue of $0.3 million and a net loss of $30.5 million, or ($0.65) per share. The company's cash, cash equivalents, and marketable securities totaled $252.7 million as of June 30, 2023, expected to fund operations through 2025.

  • Phase 2 CSU enrollment was completed ahead of schedule, with topline data expected by the end of 2023.
  • Phase 1b PN data is anticipated in Q4 2023.
  • The first patient was dosed in the Phase 2 EoE study.
  • Barzolvolimab was highlighted at EAACI, positioning it as a potential best-in-class treatment.

Headline financials

Total Revenue

$268K

Previous: $163K+64.4%
EPS (adj)

-$0.65

Previous: -$0.77+15.6%
Shares Outstanding

47.3M

Previous: 46.8M+1.1%
Capital Expenditures

-$995K

Previous: -$1.25M+20.3%
Free Cash Flow

-$34.2M

Previous: -$37.3M+8.2%
Net Income

-$33.2M

Previous: -$36M+7.8%
Operating Income

-$33.2M

Previous: -$36.4M+8.8%
Gross Profit

-$488K

Previous: -$578K+15.6%
Cash & Equivalents

$253M

Previous: $357M-29.2%
Total Assets

$299M

Previous: $403M-25.7%
Stock-Based Comp

$5.22M

Previous: $3.45M+51.0%

Revenue & EPS history

Celldex · Revenue · Quarterly

$268K

Q2 2023+64.4%vs Q2 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

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 2023

Historical avgQ2 2023

+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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