Recap: Corbus Pharmaceuticals Q4 Earnings
Shares of Corbus Pharmaceuticals (NASDAQ:CRBP) moved higher by 5.2% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 75.61% year over year to ($0.10), which beat the estimate of ($0.25).
Revenue of $658,204 declined by 74.43% year over year, which missed the estimate of $1,490,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Mar 15, 2021
Time: 08:30 AM
ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/crbp/mediaframe/43658/indexl.html
Recent Stock Performance
Company's 52-week high was at $9.78
52-week low: $0.91
Price action over last quarter: Up 100.82%
Company Overview
Corbus Pharmaceuticals Holdings Inc is a Phase 3 clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics to treat rare, chronic, and serious inflammatory and fibrotic diseases. The company's lead product candidate, lenabasum, is a novel, synthetic oral endocannabinoid-mimetic drug designed to resolve chronic inflammation and fibrotic processes. Lenabasum is currently being evaluated in systemic sclerosis, cystic fibrosis, dermatomyositis, and systemic lupus erythematosus.
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