NASDAQ$CUE

Cue Biopharma Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported collaboration revenue increase and advanced clinical trials.

Cue Biopharma reported a collaboration revenue increase due to the Ono Pharmaceutical agreement and advancements in clinical trials for CUE-101 and CUE-102. The company's cash and cash equivalents are expected to fund operations into the first quarter of 2025.

  • CUE-101 and CUE-102 abstracts accepted for presentations at ASCO 2024.
  • Advanced preclinical CUE-401 program in collaboration with Ono Pharmaceutical.
  • Expanded pipeline with CUE-500 series for autoimmune and inflammatory diseases.
  • Immuno-STAT™ platform posters accepted for presentation at PEGS Boston Summit 2024.

Headline financials

Total Revenue

$1.72M

Previous: $187K+818.2%
EPS

-$0.25

Previous: -$0.29+13.8%
Weighted avg shares outstanding

49.5M

No prior period
Capital Expenditures

-$55K

Previous: $0.00
Free Cash Flow

-$12.4M

Previous: -$13.1M+5.4%
Net Income

-$12.3M

Previous: -$13.1M+5.8%
Operating Income

-$12.7M

Previous: -$13.4M+5.3%
Cash & Equivalents

$41M

Previous: $56.3M-27.2%
Total Assets

$54M

Previous: $81.7M-33.9%
R&D Expense

$10.2M

No prior period
Stock-Based Comp

$1.95M

Previous: $2M-2.6%

Revenue & EPS history

Cue Biopharma · Revenue · Quarterly

$1.72M

Q1 2024+818.2%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Cue Biopharma · $5.69M total across 1 segment · Q1 2026

  • Collaboration revenue
    $5.69M

Forward guidance

The company expects its current cash and cash equivalents to fund operations into the first quarter of 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 Q1 2024

Historical avgQ1 2024

-0.1%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+1.3%

Avg return

30 days after

45%

15 / 33 earnings

Positive

+25.2%

Q4 2021

Best reaction

-16.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-14.2%-31.0%
Q4 2025-0.3%-14.7%+97.1%
Q3 2025-8.5%-13.2%-27.1%
Q2 2025+0.0%+3.7%-6.1%
Q1 2025-3.5%-2.5%-18.6%
Q4 2024+3.3%-2.4%-9.4%
Q3 2024-16.7%-28.0%-37.3%
Q2 2024-6.3%+19.9%-7.1%
Q1 2024-8.9%-18.8%-22.5%
Q4 2023+2.7%-5.4%+3.2%
Q3 2023+14.9%+5.4%+8.1%
Q2 2023-12.3%-14.2%-26.5%
Q1 2023-3.7%-12.4%-23.2%
Q4 2022+7.1%+7.4%+14.2%
Q3 2022+20.4%+2.5%-6.1%
Q2 2022+1.7%-5.7%+3.3%
Q1 2022-11.0%-10.0%-8.5%
Q4 2021+25.2%+27.2%+2.9%
Q3 2021-0.4%+6.4%+4.1%
Q2 2021+7.7%+3.5%+23.1%
Q1 2021-1.4%+2.4%-4.2%
Q4 2020-7.5%-4.5%-14.3%
Q3 2020+11.2%+7.1%+17.3%
Q2 2020+1.3%+2.5%-16.0%
Q1 2020+8.3%+13.3%-4.4%
Q4 2019-15.5%+4.8%+59.8%
Q3 2019-2.0%-1.8%+38.4%
Q2 2019+1.3%+7.5%+6.4%
Q1 2019+0.1%+1.5%-6.7%
Q4 2018+9.7%+23.8%+20.3%
Q3 2018-6.7%-8.8%-16.2%
Q2 2018-0.7%-4.9%+11.3%
Q4 2017+0.5%+1.2%-13.5%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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