NASDAQ$CLDX

Celldex Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2022, and provided a corporate update.

Celldex reported a net loss of $26.5 million, or ($0.56) per share, for the fourth quarter of 2022. Total revenue was $1.6 million, and research and development expenses were $22.9 million. Cash, cash equivalents, and marketable securities totaled $305.0 million as of December 31, 2022.

  • Phase 1b multi-dose CSU data presented at AAAAI on February 26.
  • Phase 2 CSU enrollment completion expected by Q3 2023.
  • Rita Jain, M.D. appointed to the Company’s Board of Directors.
  • Celldex believes that the cash, cash equivalents and marketable securities at December 31, 2022 are sufficient to meet estimated working capital requirements and fund planned operations through 2025.

Headline financials

Total Revenue

$1.61M

Previous: $333K+384.4%
EPS (adj)

-$0.56

Previous: -$0.43-30.2%
Capital Expenditures

$235K

Previous: $354K-33.6%
Free Cash Flow

-$22M

Previous: -$14.9M-47.9%
Net Income

-$26.5M

Previous: -$20.1M-31.8%
Operating Income

-$28M

Previous: -$20.9M-34.0%
Gross Profit

$940K

Previous: -$14.3M+106.6%
Cash & Equivalents

$305M

Previous: $408M-25.3%
Total Assets

$353M

Previous: $445M-20.7%
Stock-Based Comp

$4.51M

Previous: $3.14M+43.6%

Revenue & EPS history

Celldex · Revenue · Quarterly

$1.61M

Q4 2022+384.4%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Celldex believes that the cash, cash equivalents and marketable securities at December 31, 2022 are sufficient to meet estimated working capital requirements and fund planned operations through 2025, which include their ongoing Phase 1b studies in urticaria and prurigo nodularis and their ongoing and planned Phase 2 studies in CSU, CIndU and EoE.

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 2022

Historical avgQ4 2022

+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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