Celldex Therapeutics Intrinsic Stock Value – CELLDEX THERAPEUTICS Reports Q2 FY2023 Earnings on August 8 2023
August 15, 2023
🌥️Earnings Overview
On August 8, 2023, Celldex Therapeutics ($NASDAQ:CLDX) announced their earnings for the second quarter of FY2023, ending June 30, 2023. Revenue for the quarter came in at USD 0.3 million, representing a 68.8% year-on-year increase. Net income decreased from -36.0 million in the previous year to -30.5 million.
Share Price
On Tuesday, August 8 2023, CELLDEX THERAPEUTICS reported their second quarter of the fiscal year 2023 earnings. The stock opened at $32.7 and closed at $32.4, down by 0.7% from prior closing price of 32.6. Investors have shown mixed reaction to the earnings report as the stock prices remained relatively stable after a slight dip of 0.7%.
The company expects to continue to grow in the coming quarter with positive cash flows and new product launches, as it expands its portfolio of innovative treatments and services for patients living with unmet medical needs. CELLDEX THERAPEUTICS is currently trading at $32.4 per share and investors are currently optimistic that the company’s recent earnings report will provide momentum for its stock to rise in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Celldex Therapeutics. More…
| Total Revenues | Net Income | Net Margin |
| 3.25 | -113.13 | -3726.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Celldex Therapeutics. More…
| Operations | Investing | Financing |
| -112.72 | 108.01 | 4.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Celldex Therapeutics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 299.31 | 21.77 | 5.87 |
Key Ratios Snapshot
Some of the financial key ratios for Celldex Therapeutics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.6% | – | -3726.4% |
| FCF Margin | ROE | ROA |
| -3512.4% | -26.1% | -25.3% |
Analysis – Celldex Therapeutics Intrinsic Stock Value
GoodWhale has conducted an in-depth analysis on CELLDEX THERAPEUTICS’s financial wellness and according to our proprietary Valuation Line, the fair value of their shares is estimated to be around $37.7. However, the stock is currently being traded at $32.4 which is significantly lower than the fair value, undervalued at 14.0%. That presents a good opportunity for investors to buy shares in the company at a discounted price. More…
Peers
The company’s products include CDX-014, CDX-1127, CDX-301 and CDX-3379. Celldex Therapeutics Inc has a strategic alliance with Bristol-Myers Squibb Company for the development and commercialization of CDX-014.
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Summary
Celldex Therapeutics reported strong second quarter financial results on August 8, 2023, with total revenue of $0.3 million, a 68.8% year-on-year increase. Net income over the quarter was -$30.5 million, a decrease from the previous year’s -$36.0 million. Investors should pay attention to the strong revenue growth, as well as the narrowing losses.
It is positive that revenue growth is outpacing the decline in net income, suggesting that the company’s investments are starting to yield results. Furthermore, investors should also consider the company’s prospects for future growth, as it looks to expand its product portfolio and capitalize on opportunities in the healthcare industry.
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