NASDAQ$CRVS

Corvus Pharmaceuticals Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Provided business update and reported financial results for the fourth quarter and year ended December 31, 2021

Corvus Pharmaceuticals reported a net loss of $9.2 million for the fourth quarter of 2021, with research and development expenses totaling $4.8 million. As of December 31, 2021, the company's cash, cash equivalents, and marketable securities amounted to $69.5 million.

  • Advanced three clinical programs for product candidates targeting CD73, the adenosine 2A receptor, and ITK.
  • Initiated mid-stage clinical trials in front-line treatment of lung cancer and renal cell cancer.
  • Partnership with Angel Pharmaceuticals has expanded clinical development of CPI-818 for T cell lymphomas into China.
  • Company had cash, cash equivalents and marketable securities totaling $69.5 million as of December 31, 2021.

Headline financials

EPS (adj)

-$0.20

Previous: -$0.34+41.2%
Capital Expenditures

$5K

No prior period
Free Cash Flow

-$6.86M

Previous: -$8.21M+16.4%
Net Income

-$9.2M

Previous: $27.1M-133.9%
Operating Income

-$9.2M

Previous: $37.3M-124.7%
Cash & Equivalents

$69.5M

Previous: $44.3M+56.9%
Total Assets

$109M

Previous: $44.3M+147.1%
Stock-Based Comp

$738K

Previous: $1.24M-40.3%

Revenue & EPS history

Corvus Pharmaceuticals · Revenue · Quarterly

$100M

Q3 2025

Forward guidance

Corvus expects full year 2022 net cash used in operating activities to be between $34 million and $36 million.

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 2021

Historical avgQ4 2021

+1.0%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+7.3%

Avg return

30 days after

53%

20 / 38 earnings

Positive

+32.2%

Q1 2025

Best reaction

-18.4%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+6.6%+8.6%
Q3 2025-1.4%+3.5%+15.3%
Q2 2025+4.4%+21.1%+49.2%
Q1 2025+32.2%+8.1%+16.7%
Q4 2024-14.8%-19.1%-7.6%
Q3 2024-7.2%-14.3%-15.5%
Q1 2024-12.5%+8.3%+15.6%
Q4 2023-2.6%-5.8%-25.8%
Q3 2023+8.1%-6.1%+13.5%
Q2 2023+10.5%+7.2%-21.5%
Q1 2023+8.3%+70.8%+190.4%
Q4 2022+11.1%+40.0%+75.4%
Q3 2022-3.4%-8.3%+18.1%
Q2 2022-5.0%+12.4%+11.4%
Q1 2022-7.3%-10.9%-22.6%
Q4 2021-8.5%-11.5%+4.8%
Q3 2021+9.5%+10.4%-27.8%
Q2 2021+0.5%+1.9%+11.5%
Q1 2021-2.1%-1.4%-4.9%
Q4 2020+7.3%+2.8%-1.7%
Q3 2020+4.2%+7.4%+6.1%
Q2 2020+1.9%-1.7%-12.7%
Q1 2020-15.0%+19.8%+36.4%
Q4 2019-18.4%-27.5%-47.9%
Q3 2019-4.6%-5.5%-17.2%
Q2 2019-3.1%-9.0%-12.8%
Q1 2019+7.7%+6.4%-15.8%
Q4 2018+0.0%-6.0%-8.5%
Q3 2018+8.7%-0.3%-21.2%
Q2 2018-6.8%-7.0%+12.8%
Q1 2018-0.3%+0.1%+36.0%
Q3 2017+4.2%-1.8%-18.6%
Q2 2017+3.5%-1.6%+36.6%
Q1 2017+3.2%+2.0%+16.9%
Q4 2016+18.1%+25.5%-41.1%
Q3 2016+3.7%+8.7%+17.1%
Q2 2016+4.1%+7.4%+4.1%
Q1 2016-5.4%
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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