Cellectar Biosciences, Inc. (NASDAQ:CLRB): When Will It Breakeven? [Yahoo! Finance]
Cellectar Biosciences, Inc. (CLRB)
Last cellectar biosciences, inc. earnings: 11/12 08:00 am
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US:NASDAQ Investor Relations:
investor.cellectar.com
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Source: Yahoo! Finance
Cellectar Biosciences, Inc., a clinical biopharmaceutical company, focuses on the discovery, development, and commercialization of drugs for the treatment of cancer. The US$111m market-cap company announced a latest loss of US$38m on 31 December 2023 for its most recent financial year result. The most pressing concern for investors is Cellectar Biosciences' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. See our latest analysis for Cellectar Biosciences Consensus from 4 of the American Biotechs analysts is that Cellectar Biosciences is on the verge of breakeven. They expect the company to post a final loss in 2025, before turning a profit of US$14m in 2026. So, the company is predicted to breakeven approximately 2 years from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 61%
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News
- Cellectar Biosciences, Inc. (NASDAQ: CLRB) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Cellectar Biosciences, Inc. (NASDAQ:CLRB) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cellectar Biosciences, Inc. (NASDAQ: CLRB) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $12.00 price target on the stock, up previously from $11.00.MarketBeat
- Cellectar Biosciences Reports Financial Results for Year Ended 2023 and Provides a Corporate Update [Yahoo! Finance]Yahoo! Finance
- Cellectar Biosciences Reports Financial Results for Year Ended 2023 and Provides a Corporate UpdateGlobeNewswire
CLRB
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CLRB's page on the SEC website