NASDAQ$CRDF

Cardiff Oncology Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported third quarter 2022 results and provided business updates.

Cardiff Oncology announced Phase 1b/2 data demonstrating onvansertib's ability to generate durable responses in KRAS-mutated mCRC patients. The company plans to activate ONSEMBLE, a randomized Phase 2 trial in Q4 2022. Cardiff Oncology had approximately $114 million in cash, cash equivalents, and short-term investments as of September 30, 2022, providing projected runway into 2025.

  • Data from Phase 1b/2 trial in KRAS-mutated metastatic colorectal cancer (mCRC) show durable responses to treatment.
  • Data support initiation of ONSEMBLE, a randomized Phase 2 trial in KRAS/NRAS-mutated mCRC.
  • ONSEMBLE trial on track for activation in Q4 2022.
  • Cash, cash equivalents, and short-term investments of approximately $114 million as of September 30, 2022, provide projected runway into 2025.

Headline financials

Total Revenue

$93K

Previous: $86K+8.1%
EPS (adj)

-$0.20

Previous: -$0.17-17.6%
Capital Expenditures

-$931K

Previous: -$98K-850.0%
Free Cash Flow

-$9.5M

Previous: -$7.01M-35.5%
Net Income

-$8.57M

Previous: -$6.91M-24.0%
Operating Income

-$8.99M

Previous: -$7M-28.5%
Gross Profit

$458K

Previous: $86K+432.6%
Cash & Equivalents

$18.7M

Previous: $13.2M+42.2%
Total Assets

$124M

Previous: $141M-12.5%
Stock-Based Comp

$1.04M

Previous: $940K+10.3%

Revenue & EPS history

Cardiff Oncology · Revenue · Quarterly

$93K

Q3 2022+8.1%vs Q3 2021
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

The Company believes its current cash resources are sufficient to fund its operations into 2025.

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 2022

Historical avgQ3 2022

+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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