Candel Therapeutics, Inc. (CADL) Financial Statements (2024 and earlier)

Company Profile

Business Address 117 KENDRICK STREET
NEEDHAM, MA 02494
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,89459,25870,05877,18386,78294,321
Cash and cash equivalents51,89459,25870,05877,18386,78294,321
Other undisclosed current assets1,4682,6171,8871,8875441,325
Total current assets:53,36261,87571,94579,07087,32695,646
Noncurrent Assets
Operating lease, right-of-use asset9409991,0561,1101,1641,215
Property, plant and equipment3,9814,0984,4244,5614,5454,264
Restricted cash and investments266266266266266437
Other undisclosed noncurrent assets159     
Total noncurrent assets:5,3465,3635,7465,9375,9755,916
TOTAL ASSETS:58,70867,23877,69185,00793,301101,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9753,4595,1038,2247,5574,949
Employee-related liabilities2,8092,182
Accounts payable4805923809701,5841,386
Accrued liabilities3,4952,8674,7234,4453,7913,563
Debt3,6521,253    
Other liabilities484848316394
Other undisclosed current liabilities488476464(2,357)(1,742)429
Total current liabilities:8,1635,2365,6155,8985,8785,472
Noncurrent Liabilities
Long-term debt and lease obligation16,70319,02320,85022,35622,35522,363
Long-term debt, excluding current maturities16,70319,02320,85020,74820,63020,525
Liabilities, other than long-term debt1,3571,4951,630   
Deferred revenue120132144   
Operating lease, liability1,2371,3631,4861,6081,7251,838
Other undisclosed noncurrent liabilities1,7141,8321,8823,0183,2718,127
Total noncurrent liabilities:19,77422,35024,36226,98227,35132,328
Total liabilities:27,93727,58629,97732,88033,22937,800
Equity
Equity, attributable to parent30,77139,65247,71452,12760,07263,762
Common stock290290290290290287
Treasury stock, value(448)(448)(448)(448)(448) 
Additional paid in capital148,427147,694146,961146,291145,548144,644
Accumulated deficit(117,498)(107,884)(99,089)(94,006)(85,318)(81,169)
Total equity:30,77139,65247,71452,12760,07263,762
TOTAL LIABILITIES AND EQUITY:58,70867,23877,69185,00793,301101,562

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues   31313131
Gross profit:   31313131
Operating expenses(9,579)(9,633)(8,132)(8,912)(8,784)(9,017)
Operating loss:(9,579)(9,633)(8,101)(8,881)(8,753)(8,986)
Nonoperating income (expense)(35)8383,0181934,6048,112
Investment income, nonoperating46512274(176)(365)(175)
Interest and debt expense(644)     
Loss from continuing operations:(10,258)(8,795)(5,083)(8,688)(4,149)(874)
Loss before gain (loss) on sale of properties:(8,688)(4,149)(874)
Net loss:(10,258)(8,795)(5,083)(8,688)(4,149)(874)
Other undisclosed net income attributable to parent644     
Net loss available to common stockholders, diluted:(9,614)(8,795)(5,083)(8,688)(4,149)(874)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(10,258)(8,795)(5,083)(8,688)(4,149)(874)
Comprehensive loss, net of tax, attributable to parent:(10,258)(8,795)(5,083)(8,688)(4,149)(874)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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