NASDAQ$IMNN

Celsion Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the year ended December 31, 2022 and provided an update on its clinical development programs.

IMUNON reported a net loss for 2022 of $35.9 million, or $5.03 per share. The company ended the year with $38.9 million in cash, investments, accrued interest receivable and restricted cash, sufficient to fund operations into 2025.

  • Made significant progress during 2022 in advancing clinical programs in immuno-oncology with IMNN-001.
  • Completed evaluation of PLACCINE vaccines in non-human primates, demonstrating excellent immunological response and viral clearance.
  • Decision to raise capital earlier in the year strengthened balance sheet and extended operating runway into 2025.
  • Expect to report several value-creating developments during this period.

Headline financials

Total Revenue

$125K

Previous: $125K+0.0%
EPS (adj)

-$1.61

Previous: -$0.68-136.8%
Capital Expenditures

$44.9K

Previous: $25.6K+75.1%
Free Cash Flow

-$5.1M

Previous: -$5.11M+0.2%
Net Income

-$35.9M

Previous: -$20.8M-72.6%
Operating Income

-$25.4M

Previous: -$21.5M-18.1%
Gross Profit

$125K

Previous: $125K+0.0%
Cash & Equivalents

$38.9M

Previous: $56.9M-31.6%
Total Assets

$38.9M

Previous: $56.9M-31.6%
Stock-Based Comp

$710K

Previous: $686K+3.5%

Revenue & EPS history

Celsion · Revenue · Quarterly

$125K

Q4 2022+0%vs Q4 2021
Beat estimate in 7 of 8 quarters(88%)
ActualEstimate

Forward guidance

IMUNON anticipates filing an Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) for seasonal COVID-19 booster vaccine and also will select next pathogen target for PLACCINE modality.

Tailwinds

  • File an Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) for seasonal COVID-19 booster vaccine.
  • Apply for a pre-IND consultation with the FDA to receive guidance on proposed program prior to submitting the IND.
  • Select next pathogen target for PLACCINE modality.
  • Establish the safety and efficacy of platform in a Phase 1 human study
  • Seek to out-license this powerful technology to pharmaceutical companies

Headwinds

  • Unforeseen changes in the course of research and development activities and in clinical trials
  • Uncertainties of and difficulties in analyzing interim clinical data
  • Significant expense, time and risk of failure of conducting clinical trials
  • Need for IMUNON to evaluate its future development plans
  • Possible actions by customers, suppliers, competitors or regulatory authorities

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 2022

Historical avgQ4 2022

+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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