NASDAQ$CLDX

Celldex Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2021 and provided a corporate update.

Celldex Therapeutics reported fourth-quarter financial results, with total revenue of $0.3 million and a net loss of $20.1 million, or ($0.43) per share. The company's cash, cash equivalents, and marketable securities totaled $408.3 million as of December 31, 2021, and they anticipate sufficient funds to support operations through 2025.

  • CDX-0159 Phase 1b study demonstrated a 95% complete response rate in chronic inducible urticaria.
  • Raised $287 million in gross proceeds from a public offering in July 2021.
  • On track to initiate Phase 2 urticaria programs in the second quarter of 2022.
  • Cash, cash equivalents and marketable securities as of December 31, 2021 were $408.3 million.

Headline financials

Total Revenue

$333K

Previous: $3.79M-91.2%
EPS (adj)

-$0.43

Previous: -$0.55+21.8%
Capital Expenditures

$354K

Previous: $247K+43.3%
Free Cash Flow

-$14.9M

Previous: -$5.46M-172.6%
Net Income

-$20.1M

Previous: -$21.9M+8.2%
Operating Income

-$20.9M

Previous: -$14M-49.3%
Gross Profit

-$14.3M

Previous: $3.79M-479.0%
Cash & Equivalents

$408M

Previous: $194M+110.0%
Total Assets

$445M

Previous: $236M+88.5%
Stock-Based Comp

$3.14M

Previous: $1.26M+149.8%

Revenue & EPS history

Celldex · Revenue · Quarterly

$333K

Q4 2021-91.2%vs Q4 2020
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Celldex believes that the cash, cash equivalents and marketable securities at December 31, 2021 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 Q4 2021

Historical avgQ4 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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