NASDAQ$IMNN

Celsion Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

IMUNON reported second quarter financial results and provided a business update.

IMUNON reported a net loss of $4.8 million for the second quarter of 2024. The company announced positive topline results from the Phase 2 OVATION 2 Study with IMNN-001 in advanced ovarian cancer and plans to hold an End-of-Phase 2 meeting with the FDA to clarify the path to a Phase 3 pivotal study.

  • Reported positive topline results from the Phase 2 OVATION 2 Study with IMNN-001 in advanced ovarian cancer, showing overall survival of more than 11 months compared to standard-of-care.
  • Plans to hold an End-of-Phase 2 meeting with the FDA to clarify the path to a Phase 3 pivotal study for IMNN-001.
  • Received approximately $9.3 million in net proceeds from a capital raise, supporting the initiation of a planned Phase 3 study of IMNN-001.
  • First participants vaccinated in IMUNON’s IMNN-101 Phase 1 Clinical Trial.

Headline financials

Total Revenue

$135K

Previous: -$33.2K+508.3%
EPS (adj)

-$0.51

Previous: -$0.61+16.4%
Capital Expenditures

-$11.8K

Previous: -$211K+94.4%
Free Cash Flow

-$4.8M

Previous: -$5.77M+16.8%
Net Income

-$4.79M

Previous: -$5.56M+13.9%
Operating Income

-$5.01M

Previous: -$5.47M+8.4%
Gross Profit

$135K

Previous: -$33.2K+508.3%
R&D Expense

$2.82M

No prior period
Stock-Based Comp

$163K

Previous: $190K-14.6%

Revenue & EPS history

Celsion · Revenue · Quarterly

$135K

Q2 2024-508.3%vs Q2 2023
Beat estimate in 7 of 8 quarters(88%)
ActualEstimate

Forward guidance

IMUNON believes it has sufficient capital resources to fund its operations into the third 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 Q2 2024

Historical avgQ2 2024

+0.2%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+3.5%

Avg return

30 days after

32%

12 / 38 earnings

Positive

+28.7%

Q3 2019

Best reaction

-12.8%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-1.1%-8.8%
Q2 2025-4.8%-10.3%-28.5%
Q1 2025+2.5%-40.0%+107.5%
Q4 2024+1.2%+6.3%+36.2%
Q3 2024-12.8%-17.0%-10.6%
Q2 2024-0.9%+4.6%+1.8%
Q1 2024+7.2%+1.4%-11.6%
Q4 2023+17.1%+25.0%+2.9%
Q3 2023-4.0%-3.0%-9.1%
Q2 2023-3.2%-5.6%-10.4%
Q1 2023-5.2%-6.7%+3.7%
Q4 2022-2.3%-6.2%+0.8%
Q3 2022-3.9%-4.6%-11.1%
Q2 2022-1.6%-11.6%-19.8%
Q1 2022+0.4%-7.5%-23.5%
Q4 2021-4.5%+17.4%-45.3%
Q3 2021+1.2%-10.7%-22.6%
Q2 2021-1.9%-8.4%+0.0%
Q1 2021+4.0%+12.1%+54.5%
Q4 2020-1.3%-22.9%-53.3%
Q3 2020-1.9%-3.7%+24.1%
Q2 2020+0.0%-1.8%-28.4%
Q1 2020-1.5%+26.5%+125.0%
Q4 2019+9.0%-3.4%+31.5%
Q3 2019+28.7%+34.3%+50.0%
Q2 2019+0.0%+7.1%+3.0%
Q1 2019+6.1%-4.2%-15.4%
Q4 2018-2.5%+19.9%+6.5%
Q3 2018-4.2%-12.6%-8.8%
Q2 2018-9.4%-8.7%+2.2%
Q1 2018-1.6%+1.2%+0.0%
Q4 2017-4.3%-11.5%-12.6%
Q3 2017-5.2%-5.7%+32.1%
Q2 2017-1.4%-9.5%-5.4%
Q1 2017+0.0%-8.3%-14.0%
Q4 2016+3.4%-3.4%+3.4%
Q3 2016+0.0%-10.9%-27.2%
Q2 2016+4.2%+10.0%+3.3%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q2 2012

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