NASDAQ$CRBP
Corbus Pharmaceuticals Holding · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Corbus Pharmaceuticals reported financial results for the second quarter of 2024 and provided a corporate update.
Corbus Pharmaceuticals reported a net loss of $10.0 million for the second quarter of 2024. The company's cash, cash equivalents, and investments totaled $147 million as of June 30, 2024, which, along with additional net proceeds, is expected to fund operations through Q3 2027.
- Clinical update presented at ASCO 2024 for CRB-701 showed continued differentiated safety and encouraging efficacy in patients with metastatic urothelial cancer or cervical cancer
- CRB-701 Phase 1 dose escalation underway in USA and Europe for patients with metastatic urothelial cancer and other nectin-4 enriched tumors and is on schedule for completion in Q4 2024
- Cash runway extended through Q3 2027 with $147 million of cash & investments at June 30, 2024
- Dose escalation commenced in the Phase 1 clinical trial of CRB-701-01 in April 2024 and expects to complete the dose escalation phase in Q4 2024 and present the USA dose escalation data in Q1 2025.
Headline financials
Revenue & EPS history
Corbus Pharmaceuticals · Revenue · Quarterly
$52K
Forward guidance
The $147 million of cash, cash equivalents and investments at June 30, 2024 together with the $28.8 million of additional net proceeds raised through August 1, 2024 is expected to fund operations through Q3 2027, based on planned expenditures.
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 2024
-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
| Quarter | Report date | Reaction (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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