NASDAQ$CLDX

Celldex Therapeutics Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2023, and provided a corporate update.

Celldex Therapeutics reported Q4 2023 financial results, with a total revenue of $4.1 million and a net loss of $43.3 million, or ($0.83) per share. Cash, cash equivalents, and marketable securities as of December 31, 2023, were $423.6 million. The company believes its current financial resources are sufficient to fund planned operations into 2026.

  • Total revenue was $4.1 million in the fourth quarter of 2023.
  • Research and development expenses were $30.4 million in the fourth quarter of 2023.
  • General and administrative expenses were $8.8 million in the fourth quarter of 2023.
  • Net loss was $43.3 million, or ($0.83) per share, for the fourth quarter of 2023.

Headline financials

Total Revenue

$4.13M

Previous: $1.61M+156.2%
EPS (adj)

-$0.83

Previous: -$0.56-48.2%
Shares Outstanding

52.0M

No prior period
Cash and Cash Equivalents

$424M

No prior period
Total Assets

$466M

No prior period
Capital Expenditures

-$666K

Previous: $235K-383.4%
Net Income

-$43.3M

Previous: -$26.5M-63.4%
Operating Income

-$39.2M

Previous: -$28M-40.0%
Gross Profit

$3.37M

Previous: $940K+258.7%
R&D Expense

$29.7M

No prior period
Stock-Based Comp

$7.21M

Previous: $4.51M+60.0%

Revenue & EPS history

Celldex · Revenue · Quarterly

$4.13M

Q4 2023+156.2%vs Q4 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Celldex believes that the cash, cash equivalents and marketable securities at December 31, 2023 are sufficient to meet estimated working capital requirements and fund current planned operations into 2026.

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 2023

Historical avgQ4 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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