NASDAQ$CRDF

Cardiff Oncology Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Cardiff Oncology reported first-quarter 2023 results and provided a business update.

Cardiff Oncology reported its first-quarter 2023 results, highlighting the dosing of the first patient in the Phase 2 ONSEMBLE trial and the appointment of Fairooz Kabbinavar as Chief Medical Officer. The company's cash, cash equivalents, and short-term investments totaled approximately $97 million as of March 31, 2023, which is projected to fund operations into 2025.

  • First patient dosed in ONSEMBLE Phase 2 randomized trial of Onvansertib in patients with KRAS/NRAS-mutated Metastatic Colorectal Cancer (mCRC).
  • Fairooz Kabbinavar, MD, FACP, appointed as Chief Medical Officer.
  • Full membership of Scientific Advisory Board (SAB) introduced.
  • Cash, cash equivalents, and short-term investments of approximately $97 million as of March 31, 2023, projected runway into 2025.

Headline financials

Total Revenue

$83K

Previous: $74K+12.2%
EPS (adj)

-$0.25

Previous: -$0.25+0.0%
Capital Expenditures

-$8K

Previous: -$171K+95.3%
Free Cash Flow

-$11.2M

Previous: -$11.2M-0.6%
Net Income

-$11.2M

Previous: -$11M-2.1%
Operating Income

-$12.1M

Previous: -$11.1M-8.8%
Gross Profit

$940K

Previous: $130K+623.1%
Cash & Equivalents

$15M

Previous: $20.1M-25.1%
Total Assets

$107M

Previous: $139M-23.5%
Stock-Based Comp

$1.06M

Previous: $1.15M-7.6%

Revenue & EPS history

Cardiff Oncology · Revenue · Quarterly

$83K

Q1 2023+12.2%vs Q1 2022
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Cardiff Oncology · $41K total across 1 segment · Q1 2026

  • Royalties
    $41K

Forward guidance

Cardiff Oncology anticipates several data readouts in the coming quarters, including mPDAC and SCLC data in mid-2023, TNBC data in late 2023 or early 2024, and mCRC randomized data in the second half 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 Q1 2023

Historical avgQ1 2023

+2.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+2.8%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+118.2%

Q4 2010

Best reaction

-21.2%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%+3.6%-8.3%
Q4 2025+12.9%+14.1%-8.8%
Q3 2025-3.1%-0.4%-6.2%
Q2 2025-1.3%-24.2%-36.6%
Q1 2025+4.0%+2.5%+37.4%
Q4 2024+4.4%+5.2%-19.0%
Q3 2024-19.2%-17.6%-39.4%
Q2 2024+11.2%+5.1%-1.4%
Q1 2024-16.8%-21.7%-24.8%
Q4 2023+59.9%+100.5%+193.4%
Q3 2023+5.7%+3.8%+20.0%
Q2 2023-5.0%-8.3%-15.6%
Q1 2023+1.1%-4.8%-12.4%
Q4 2022+2.3%+7.6%-4.1%
Q3 2022-4.7%-10.7%+5.4%
Q2 2022+15.0%+30.0%+27.7%
Q1 2022-7.7%-11.9%-0.7%
Q4 2021+7.1%+0.4%-5.6%
Q3 2021-5.1%-3.6%-14.1%
Q2 2021+15.0%+19.4%+51.3%
Q1 2021-5.5%-13.1%-24.5%
Q4 2020+0.6%+8.0%-3.1%
Q3 2020+10.6%+5.8%+26.6%
Q2 2020-14.6%-10.2%-3.4%
Q1 2020+0.8%+6.7%+167.5%
Q4 2019-2.8%+12.8%-24.1%
Q3 2019+1.8%+2.4%-20.8%
Q2 2019-4.1%-10.0%+10.6%
Q1 2019-8.1%-11.2%-11.2%
Q4 2018+25.2%+47.0%+18.2%
Q3 2018+6.7%+4.0%-6.7%
Q2 2018-1.2%-1.2%+0.0%
Q1 2018+0.0%-3.6%-47.3%
Q4 2017-6.2%-3.1%+6.2%
Q3 2017-1.5%-4.4%-26.5%
Q2 2017-7.1%+1.2%-13.1%
Q1 2017-5.0%-1.2%+1.3%
Q4 2016-21.2%-28.5%-37.0%
Q3 2016-5.6%-15.5%-29.6%
Q2 2016-6.6%-0.4%-11.0%
Q1 2016-3.7%
Q4 2015-18.7%
Q3 2015+11.7%
Q2 2015-15.0%
Q1 2015+9.6%
Q4 2014+0.3%
Q3 2014-1.9%
Q2 2014+1.6%
Q1 2014-2.3%
Q4 2013+7.9%
Q3 2013+12.2%
Q2 2013-1.7%
Q4 2012-2.4%
Q1 2013-2.4%
Q3 2012+2.3%
Q2 2012-6.5%
Q1 2012+8.8%
Q4 2011-3.9%
Q3 2011-17.1%
Q2 2011+0.0%
Q1 2011+0.0%
Q4 2010+118.2%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+13.2%

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