NASDAQ$IMNN

Celsion Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

IMUNON reported financial results for the year ended December 31, 2023 and provided a business update.

IMUNON reported a net loss of $19.5 million for 2023, a decrease in operating expenses by 17% compared to 2022, and ended the year with $15.7 million in cash, investments and accrued interest receivable.

  • Reported interim PFS and OS data in OVATION 2 Study suggesting a delay in disease progression or death in the treatment arm of approximately 30% compared with the control arm.
  • Preliminary OS data followed a similar trend, showing an approximate nine-month improvement in the treatment arm over the control arm.
  • Began Treatment in a Phase 1/2 Clinical Trial Evaluating IMNN-001 in Combination with Bevacizumab in Advanced Ovarian Cancer.
  • Received $1.3 Million in Non-Dilutive Funding from the Sale of New Jersey Net Operating Losses.

Headline financials

Total Revenue

$0.00

Previous: $125K-100.0%
EPS (adj)

-$0.52

Previous: -$1.61+67.7%
Net Income

-$19.5M

Previous: -$35.9M+45.7%
Operating Income

-$21M

Previous: -$25.4M+17.3%
Gross Profit

$0.00

Previous: $125K-100.0%
R&D Expense

$3.55M

No prior period
Stock-Based Comp

$133K

Previous: $710K-81.2%

Revenue & EPS history

Celsion · Revenue · Quarterly

$0

Q4 2023-100%vs Q4 2022
Beat estimate in 7 of 8 quarters(88%)
ActualEstimate

Forward guidance

IMUNON is on track to report topline results mid-year from the OVATION 2 Study and begin a Phase 1 proof-of-concept clinical study in the second quarter of 2024 with a seasonal COVID-19 booster vaccine.

Tailwinds

  • Potential for advances in treating late-stage ovarian cancer may be within reach.
  • A better vaccine platform technology holds tremendous commercial promise.
  • On track to report topline results mid-year from the OVATION 2 Study.
  • Remain on track to begin a Phase 1 proof-of-concept clinical study in the second quarter of 2024 with a seasonal COVID-19 booster vaccine, following FDA clearance of our IND application.
  • Objective is to confirm the safety and immunogenicity of our clinical vaccine in humans.

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 2023

Historical avgQ4 2023

+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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