NASDAQ$CRBP

Corbus Pharmaceuticals Holding · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Corbus Pharmaceuticals reported financial results for the second quarter of 2021 and provided corporate updates.

Corbus Pharmaceuticals reported revenue from awards and licenses of $137,000 for the second quarter of 2021. Operating expenses decreased by $21.6 million to $16.8 million. The company reported a net loss of $17.1 million, or a net loss per diluted share of $0.15.

  • Corbus is expanding its pipeline by licensing two integrin-targeting mAbs.
  • The company is on track to progress these assets along with its small molecules into the clinic next year.
  • Corbus has a strong financial position with approximately $114M of cash and investments on hand.
  • A refundable foreign tax credit of approximately $12.2 million was received subsequent to June 30th.

Headline financials

Total Revenue

$137K

Previous: $286K-52.3%
EPS (adj)

-$4.50

Previous: -$15.60+71.2%
Cash Runway Year

2.0K

No prior period
Free Cash Flow

-$17.1M

Previous: -$38.6M+55.6%
Net Income

-$17.1M

Previous: -$38.1M+55.0%
Operating Income

-$16.7M

Previous: -$38.1M+56.2%
Gross Profit

$204K

Previous: -$30.4M+100.7%
Cash & Equivalents

$36.1M

Previous: $63.5M-43.2%
Total Assets

$121M

Previous: $98.1M+22.9%
Stock-Based Comp

$2.51M

Previous: $3.35M-25.1%

Revenue & EPS history

Corbus Pharmaceuticals · Revenue · Quarterly

$137K

Q2 2021-52.3%vs Q2 2020
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-1.6%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+8.6%

Avg return

30 days after

30%

14 / 46 earnings

Positive

+23.0%

Q4 2023

Best reaction

-24.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.0%+0.1%-29.3%
Q4 2025+18.6%+17.5%+22.8%
Q3 2025+6.5%+8.0%-6.9%
Q1 2025-16.3%-13.1%+18.6%
Q4 2024-9.1%-17.4%-13.4%
Q3 2024-0.7%-5.1%-19.3%
Q2 2024-12.2%+2.8%-7.7%
Q1 2024+9.2%+10.7%+20.0%
Q4 2023+23.0%+14.1%+4.5%
Q3 2023-24.2%-35.5%+7.1%
Q2 2023-4.7%+3.9%+9.5%
Q1 2023-8.1%-2.9%-8.0%
Q4 2022-11.6%-24.9%+171.9%
Q3 2022-3.8%+1.5%-0.8%
Q2 2022-4.5%-3.7%-25.5%
Q1 2022-10.6%-19.2%+12.5%
Q4 2021+15.4%+25.5%+32.7%
Q3 2021+5.7%-3.8%-28.8%
Q2 2021-6.8%-7.5%-10.5%
Q1 2021+12.1%+9.4%+46.3%
Q4 2020-6.4%+0.9%-25.3%
Q3 2020+0.0%+4.9%+8.2%
Q2 2020-7.6%-2.7%+29.4%
Q1 2020+3.3%+4.3%+11.0%
Q4 2019-1.2%+2.2%+39.6%
Q3 2019-6.4%-11.0%+4.7%
Q2 2019+3.2%+7.0%-4.4%
Q1 2019-0.8%-4.9%-9.9%
Q4 2018+8.1%+11.1%+17.1%
Q3 2018-13.3%-16.5%-9.4%
Q2 2018+0.0%+2.6%+12.5%
Q1 2018-14.5%-1.6%-10.2%
Q4 2017-4.9%+0.0%-12.7%
Q3 2017+2.9%+0.0%+10.2%
Q2 2017-4.1%-0.8%+10.7%
Q1 2017-4.0%+1.6%+2.4%
Q4 2016+1.6%+4.4%-20.9%
Q3 2016-9.3%+26.4%+20.9%
Q2 2016-1.0%+5.5%+67.2%
Q1 2016-2.5%
Q4 2015-3.8%
Q3 2015-1.8%
Q2 2015-6.1%
Q1 2015-2.5%
Q4 2014-0.5%
Q3 2014+16.7%
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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