earnings
confidence high
sentiment positive
materiality 0.80
Celldex reports Q1 net loss $32.8M; cash $823.8M; Phase 3 CSU studies planned summer 2024
Celldex Therapeutics, Inc.
2024-Q1 EPS reported
-$0.56
revenue$156,000
- Net loss of $32.8M ($0.56 per share) vs $29.4M ($0.62) in Q1 2023; revenue $0.2M.
- Cash, cash equivalents and marketable securities $823.8M, up from $423.6M due to $432.3M net public offering.
- Phase 3 CSU studies to initiate summer 2024; 52-week Phase 2 CSU data expected H2 2024.
- Phase 2 CIndU enrollment completed (196 patients); 12-week data due H2 2024.
- Atopic dermatitis selected as fifth indication; Phase 2 study to start by year-end 2024.