NASDAQ$IMNN

Celsion Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

IMUNON reported financial results for Q3 2024 and provided business updates.

IMUNON reported a net loss of $4.9 million, or $0.34 per share, for the third quarter of 2024. The company had $10.3 million in cash, investments and accrued interest receivable as of September 30, 2024. The company believes it has sufficient capital resources to fund its operations into the third quarter of 2025.

  • IMUNON is on track to begin its planned 500-patient pivotal Phase 3 study during the first quarter of 2025.
  • The company presented new OVATION 2 data at the Society for Immunotherapy of Cancer 39th Annual Meeting.
  • IMUNON raised gross proceeds of $10 million in a registered direct financing.
  • Susan Eylward was named General Counsel and Corporate Secretary and Kristin Longobardi was named Senior Vice President of Operations.

Headline financials

Total Revenue

$0.00

Previous: $163K-100.0%
EPS (adj)

-$0.34

Previous: -$0.37+8.1%
Capital Expenditures

-$2.88K

Previous: -$452K+99.4%
Net Income

-$4.9M

Previous: -$3.48M-40.9%
Operating Income

-$4.96M

Previous: -$3.9M-27.1%
Gross Profit

-$189K

Previous: $163K-216.0%
R&D Expense

$3.29M

Previous: $1.98M+66.3%
Stock-Based Comp

$232K

Previous: $96.6K+140.5%

Revenue & EPS history

Celsion · Revenue · Quarterly

$0

Q3 2024-100%vs Q3 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 Q3 2024

Historical avgQ3 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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