NASDAQ$CRDF

Cardiff Oncology Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Cardiff Oncology reported third quarter results and provided a business update.

Cardiff Oncology reported $81.4 million in cash, cash equivalents, and short-term investments as of September 30, 2023. The company's lead program in RAS-mutated mCRC is advancing to the first-line setting based on positive data and FDA guidance. An expanded relationship with Pfizer will support a new Phase 2 trial.

  • Advanced to first-line RAS-mutated metastatic colorectal cancer (mCRC) for lead program based on positive clinical and preclinical data and guidance from FDA.
  • Expanded relationship with Pfizer, which will provide clinical execution of new Phase 2 randomized first-line mCRC trial of onvansertib + standard-of-care (SoC) versus SoC, with interim topline data expected in mid-2024.
  • Advanced to first-line mPDAC with plan to initiate new Phase 2 investigator-initiated trial of onvansertib + SoC.
  • Onvansertib monotherapy demonstrated single agent activity in Phase 2 investigator-initiated trial in refractory patients with extensive stage small cell lung cancer.

Headline financials

Total Revenue

$141K

Previous: $93K+51.6%
EPS (adj)

-$0.22

Previous: -$0.20-10.0%
Capital Expenditures

-$574K

Previous: -$931K+38.3%
Free Cash Flow

-$10.3M

Previous: -$9.5M-8.5%
Net Income

-$9.73M

Previous: -$8.57M-13.5%
Operating Income

-$10.8M

Previous: -$8.99M-20.3%
Gross Profit

$1.07M

Previous: $458K+133.2%
Cash & Equivalents

$15.2M

Previous: $18.7M-18.6%
Total Assets

$88.5M

Previous: $124M-28.5%
R&D Expense

$8.02M

No prior period
Stock-Based Comp

$955K

Previous: $1.04M-7.9%

Revenue & EPS history

Cardiff Oncology · Revenue · Quarterly

$141K

Q3 2023+51.6%vs Q3 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 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 2023

Historical avgQ3 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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