NASDAQ$CUE

Cue Biopharma Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported an increase in collaboration revenue driven by the Ono Collaboration, while also seeing decreases in research and development, and general and administrative expenses.

Cue Biopharma reported its Q3 2024 financial results, featuring increased collaboration revenue and reduced research and development, and general and administrative expenses. The company highlighted positive updated data from Phase 1 trials of CUE-101 and CUE-102, along with the advancement of preclinical programs.

  • Collaboration revenue increased by $1.2 million to $3.3 million due to the Ono Collaboration.
  • Research and development expenses decreased by $0.5 million to $9.4 million.
  • General and administrative expenses decreased by $0.7 million to $2.9 million.
  • Cash and cash equivalents totaled $32.4 million as of September 30, 2024.

Headline financials

Total Revenue

$3.34M

Previous: $2.1M+58.9%
EPS

-$0.17

Previous: -$0.24+29.2%
Capital Expenditures

-$64K

Previous: $0.00
Free Cash Flow

-$8.72M

Previous: -$11M+20.7%
Net Income

-$8.66M

Previous: -$11M+21.3%
Operating Income

-$8.82M

Previous: -$11.4M+22.8%
Cash & Equivalents

$32.4M

Previous: $54.7M-40.7%
Total Assets

$44.8M

Previous: $68.9M-35.0%
R&D Expense

$9.38M

Previous: $9.75M-3.8%
Stock-Based Comp

$1.58M

Previous: $2.07M-23.6%

Revenue & EPS history

Cue Biopharma · Revenue · Quarterly

$3.34M

Q3 2024+58.9%vs Q3 2023
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

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

  • Collaboration revenue
    $5.69M

Forward guidance

Cue Biopharma expects its current cash and cash equivalents to fund operations into the fourth 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 Q3 2024

Historical avgQ3 2024

-0.1%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+0.7%

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%-17.1%
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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