NASDAQ$CRBP

Corbus Pharmaceuticals Holding · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year-end 2020.

Corbus Pharmaceuticals reported Q4 2020 financial results, with revenue from awards and licenses at $700,000, operating expenses at $21.5 million, and a net loss of $8.6 million. The company had approximately $85.4 million in cash and cash equivalents at the end of the year and expects to fund operations into Q1 2024 with $127M of cash on hand as of March 15, 2021.

  • Revenue from awards and licenses was $700,000 for Q4 2020, compared to $2.6 million in Q4 2019.
  • Operating expenses were $21.5 million for Q4 2020, compared to $29.8 million in Q4 2019.
  • Net loss was approximately $8.6 million, or $0.10 per diluted share, for Q4 2020, compared to a net loss of $26.6 million, or $0.41 per diluted share, for Q4 2019.
  • Cash and cash equivalents were $85.4 million at December 31, 2020, and the company expects $127 million of cash on hand at March 15, 2021 to fund operations into the first quarter of 2024.

Headline financials

Total Revenue

$658K

Previous: $2.57M-74.4%
EPS (adj)

-$3.00

Previous: -$12.31+75.6%
Capital Expenditures

-$52.1K

No prior period
Free Cash Flow

-$18.2M

No prior period
Net Income

-$8.6M

Previous: -$26.6M+67.7%
Operating Income

-$21.5M

Previous: -$29.8M+27.9%
Gross Profit

-$15.5M

Previous: -$20.9M+26.1%
Cash & Equivalents

$85.4M

Previous: $31.7M+169.4%
Total Assets

$102M

No prior period
Stock-Based Comp

$2.34M

No prior period

Revenue & EPS history

Corbus Pharmaceuticals · Revenue · Quarterly

$658K

Q4 2020-74.4%vs Q4 2019
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Corbus Pharmaceuticals expects to fund operations into the first quarter of 2024 based on current 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 Q4 2020

Historical avgQ4 2020

-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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