NASDAQ$CRBP

Corbus Pharmaceuticals Holding · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third quarter results and provided corporate updates.

Corbus Pharmaceuticals reported a net loss of $2.2 million for Q3 2021, with revenue from awards and licenses at $97,000. Operating expenses decreased by $21.2 million compared to the same period last year. The company's cash and investments on hand of $108 million are expected to fund operations into the first quarter of 2024.

  • Advanced integrin program from preclinical development toward the clinic.
  • Expanded pipeline through strategic transactions remains a key priority.
  • Cash and investments on hand of $108 million sufficient to support execution of research, clinical and operational goals into the first quarter of 2024.
  • Topline data from the National Institutes of Health-sponsored Phase 2 study of lenabasum in systemic lupus erythematosus is on track and expected in Q4 2021.

Headline financials

Total Revenue

$97.3K

Previous: $1.23M-92.1%
EPS (adj)

-$0.60

Previous: -$12.90+95.3%
Free Cash Flow

-$2.18M

Previous: -$35.4M+93.9%
Net Income

-$2.18M

Previous: -$34.9M+93.8%
Operating Income

-$13.9M

Previous: -$34M+59.2%
Gross Profit

$472K

Previous: -$211K+323.8%
Cash & Equivalents

$37.1M

Previous: $81.9M-54.7%
Total Assets

$120M

Previous: $95.8M+24.8%
Stock-Based Comp

$2.6M

Previous: $3.63M-28.4%

Revenue & EPS history

Corbus Pharmaceuticals · Revenue · Quarterly

$97.3K

Q3 2021-92.1%vs Q3 2020
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

Corbus Pharmaceuticals expects its cash and investments to fund operations into the first quarter of 2024.

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 Q3 2021

Historical avgQ3 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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