NASDAQ$CRBP

Corbus Pharmaceuticals Holding · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Corbus Pharmaceuticals reported financial results for the second quarter of 2022 and provided a corporate update.

Corbus Pharmaceuticals reported a net loss of $13.2 million for the second quarter of 2022. The company's cash and investments on hand of $74 million are expected to fund operations into the first quarter of 2024.

  • Promising pre-clinical data generated for CRB-601 across several tumor models as monotherapy and in combination with anti-PD1 therapy.
  • IND submission for CRB-601 is on track for mid-2023.
  • Expanding immuno-oncology pipeline through strategic transactions remains key priority.
  • Cash and investments on hand of $74 million funds operations into the first quarter of 2024.

Headline financials

Total Revenue

$0.00

Previous: $137K-100.0%
EPS (adj)

-$2.10

Previous: -$4.50+53.3%
Capital Expenditures

-$13.4K

No prior period
Free Cash Flow

-$13.3M

Previous: -$17.1M+22.6%
Net Income

-$13.2M

Previous: -$17.1M+22.7%
Operating Income

-$12.3M

Previous: -$16.7M+26.1%
Gross Profit

$0.00

Previous: $204K-100.0%
Cash & Equivalents

$25.8M

Previous: $36.1M-28.6%
Total Assets

$82.1M

Previous: $121M-32.0%
Stock-Based Comp

$1.51M

Previous: $2.51M-39.7%

Revenue & EPS history

Corbus Pharmaceuticals · Revenue · Quarterly

$0

Q2 2022-100%vs Q2 2021
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

Corbus is continuing the transformation into a company with a novel and diversified immuno-oncology pipeline.

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 2022

Historical avgQ2 2022

-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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