NASDAQ$CMPX

Compass Therapeutics Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported full year 2023 financial results and provided business update.

Compass Therapeutics reported a net loss of $42.5 million for the year ended December 31, 2023, and ended the year with $152.5 million in cash and marketable securities, extending the cash runway into mid-2026. The company is focused on clinical development of CTX-009 and expects to report top-line data from Phase 2 trials by mid and end of the year.

  • Strategically shifted focus toward clinical development of CTX-009.
  • Expects to report top-line data from Stage 1 of the Phase 2 COMPANION-003 trial by mid-year.
  • Expects to report top-line data from Phase 2/3 COMPANION-002 trial by the end of the year.
  • Ended the year with $152.5 million, extending cash runway into the middle of 2026.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.11

Previous: -$0.10-10.0%
R&D Expenses

$38.1M

Previous: $30M+27.0%
G&A Expenses

$12.2M

Previous: $11.7M+4.3%
Capital Expenditures

-$9K

Previous: $54K-116.7%
Net Income

-$42.5M

Previous: -$10.3M-312.6%
Operating Income

-$15.4M

Previous: -$12.9M-19.4%
Gross Profit

-$468K

No prior period
R&D Expense

$12.3M

No prior period
Stock-Based Comp

$1.6M

Previous: $1.03M+56.1%

Revenue & EPS history

Compass · Revenue · Quarterly

$0

Q4 2023

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-1.9%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.4%

Avg return

30 days after

47%

9 / 19 earnings

Positive

+10.3%

Q1 2023

Best reaction

-17.6%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-3.0%-2.1%-4.2%
Q3 2025+1.1%+12.9%+45.9%
Q1 2025+4.0%+2.0%+19.3%
Q4 2024-1.7%-6.4%-33.0%
Q3 2024-11.1%-27.4%-20.5%
Q2 2024+10.1%+6.4%+37.6%
Q1 2024+1.3%+0.0%-25.0%
Q4 2023+0.5%-6.6%-30.7%
Q3 2023-9.9%-11.0%+1.2%
Q2 2023-3.8%-5.3%-9.2%
Q1 2023+10.3%+13.3%-1.8%
Q4 2022-5.0%-10.8%-13.9%
Q3 2022-4.0%+10.4%+1.4%
Q2 2022+1.2%+2.3%+5.8%
Q1 2022-3.0%+50.3%+63.9%
Q4 2021+6.2%+4.6%+20.8%
Q3 2021+0.3%+7.2%-16.2%
Q2 2021-11.9%-6.0%-16.7%
Q1 2021-17.6%-17.6%-50.6%
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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