On this page of Benford's Law Stocks.com we present our study of CANDEL THERAPEUTICS INC. — ticker symbol CADL. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 9/8/2021 to 11/14/2024 for CANDEL THERAPEUTICS INC. under CIK number 0001841387. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for CADL, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for CANDEL THERAPEUTICS INC. based on the past CADL filings our system processed in the past.
35.0
17.8
10.9
12.3
3.8
3.0
7.1
4.5
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, CADL stockholder letter ]
Total numbers found: 494
Recent share count: 32,084,777 (3's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
494
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
65

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 1's percentage was above the company's typical historical range.
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 5's percentage was below the company's typical historical range.
 • We deducted points upon observing the 6's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was below the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
CADL
Low score compared to other filers, falling in the bottom quartile.
ACLS
ALLK
CDZI
GAIA
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FCBC
Check our work! We provide our CANDEL THERAPEUTICS INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the CADL filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 173 numbers that start with the digit 1. Here they are:
1
16,558
1,527
1,384
18,085
116
15,268
14,184
11,632
15,886
10,000,000
150,000,000
163,001
149,931
178,132
137,028
15,257
12,745
14,497
17,248
10,733
10,825
12
1,666
1,700
1,922
1,638
14,970
1,449
1,889
15,874
1,229
10,646
1.35
122,608
149,931
137,028
12,745
1,312
1,319
1,034,207
1,268,741
13
122,608
163,001
178,132
15,257
122,608
157,659
167,486
103
103
1,074
1,074
110
110
10,646
10,646
122,608
163,001
178,132
15,257
122,608
146,961
126
126
122,608
149,113
125,933
122,608
148,427
117,498
122,608
149,113
125,933
162
177
14,970
1,449
143
139
129
127
1,247
13
157
13
1,319
18,855
16,824
1,462
1,592
19
178.1
1,268,741
16.6
15,886
15,886
15,886
15,886
14,970
15,886
1,219
1,209
159
159
1,501
1,811
1
1.6
1.8
11.69
10,000
13,333
14,076
1.0
15.83
1.4
15,197
1
1
1
1
1
152
1,180
1,107
1,233,032
15,351,074
15,952,814
1,268,741
162,740
1.46
12.47
10
12.47
13.20
10
13.20
13.94
10
13.94
14.68
10
14.68
15.9
162,740
1.46
162,740
1.0
1.80
16,049
1,082,815
1.46
122,608
114.68
1.06
1,034,207
1.11
1,233,032
1.12
1,600
1,269
1,184
1.0
1.0
1
1
10,646
1.35
1,233,032
13,342,695
14,181,595
We found 88 numbers that start with the digit 2. Here they are:
2,477
266
266
21,517
296
28,456
29,213,627
29,091,019
290
21,517
25,230
28,073
25,230
28,073
236
26,844
29
28,919,810
28,919,810
29,213,627
290
29,042,418
290
2,278
2,278
26,844
26,844
29,042,418
290
23,022
29,042,418
290
29,042,418
290
23,022
26,844
2,152
202
218
237
230
213
21,209
26,822
253
2,367
27,075
26.8
200.0
2.0
2,834
2,089
2,477
2
2,338
2,017
25.0
20.0
2.50
24
2,500
2
2,526,432
2,008,379
252,053
200.0
2.0
20,000,000
2.1
2
2,008,379
2.47
202,420
2.55
20,296
2.40
2,526,432
259,193
270
2,468
2,152
2.8
2.5
25
26,844
28,919,810
28,919,810
29
We found 54 numbers that start with the digit 3. Here they are:
32,475,537
35,413
36,797
3,206
36,774
32,247,744
32,125,136
322
3,341
3,016
36
33
32,013,569
30,369,129
3,212
3,212
32,247,744
322
31,186,817
303
330,780
32,247,744
322
30,771
36
379
343
35,679
3
350,401
3
3,109
3,109
3,206
3
3
3
35,000
350,401
3,672,484
3,672,484
3,672,484
3,672,484
3.36
3,519,140
3.04
306,518
3.98
3.50
3.7
39.0
32,013,569
30,369,129
33
4's 5's 6's
We found 61 numbers that start with the digit 4. Here they are:
41,201
422
4,569
4,356
4,225
448
448
41,201
487
426
41,104
448
41,104
41,104
448
448
46,296
4,067
4,074
448
448
47,714
448
448
49
49
448
41,104
4,068
41
410
43,249
41.1
4,569
4,356
4.50
4,225
4
44,000
4
4
4
446
434
415
4,601,955
4.36
4,601,955
4,247
4.32
4.61
416
4,068
4.0
49.5
47
40,000
41,104
4,601,955
45
46,000
We found 19 numbers that start with the digit 5. Here they are:
552
513
555
5,416
5,845
502
581
5,311
5,295
528
5.0
5.75
5
5,666,621
5,666,621
535,917
538
5.0
50,000
We found 15 numbers that start with the digit 6. Here they are:
614
669
683,851
6,667
6
613
6.81
6.81
6.81
6.81
6,669,993
646
686
6,061,521
612,366
7's 8's 9's
We found 35 numbers that start with the digit 7. Here they are:
75
751
796
731,169
7
7,702
7,715
7
735
735
745
711
77
77
7,715
70,324
75.0
7.7
736
730
7
730
75.0
7.02
7.02
73
7,507,708
7,507,708
75.0
7.7
731,169
7.2
7,507,708
7,507,708
7
We found 22 numbers that start with the digit 8. Here they are:
816
8,893
840
8,757
8,861
8,757
8,861
8,435
856
856
8,435
8,435
89
88
88
89,000
833
832
8
883
8
8,435
We found 27 numbers that start with the digit 9. Here they are:
9,851
973
916
93
9,972
99,089
916
916
916
916
916
9
900
989
9,851
90,000
90,000
918,121
918,121
918,121
918,121
9
99.30
91.33
94.51
98
93
While the above CADL 10Q Filed 11/14/2024 is interesting in isolation, we have found that it is also useful to take a look at older CANDEL THERAPEUTICS INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/14/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical CADL 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

35.0
17.8
10.9
12.3
3.8
3.0
7.1
4.5
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL?   [ original filing ]
Total numbers found: 494

= Typical CADL range from 9/8/2021 to 11/14/2024
31.1
19.0
9.6
11.6
7.7
4.6
6.1
4.6
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 457

= Typical CADL range from 9/8/2021 to 11/14/2024
30.5
15.0
7.1
9.1
7.6
6.6
8.1
10.2
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 28
XBRL?   [ original filing ]
Total numbers found: 394

= Typical CADL range from 9/8/2021 to 11/14/2024
26.6
18.8
10.2
13.2
7.4
7.4
5.8
7.0
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 500

= Typical CADL range from 9/8/2021 to 11/14/2024
26.8
21.3
9.1
10.8
6.1
7.9
6.7
6.5
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 492

= Typical CADL range from 9/8/2021 to 11/14/2024
34.0
15.4
12.1
9.3
5.9
5.1
6.7
3.8
7.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 60
XBRL?   [ original filing ]
Total numbers found: 494

= Typical CADL range from 9/8/2021 to 11/14/2024
30.9
19.2
7.8
11.8
6.2
5.4
6.4
7.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 499

= Typical CADL range from 9/8/2021 to 11/14/2024
30.0
19.1
8.4
10.3
7.0
7.2
6.8
7.6
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL?   [ original filing ]
Total numbers found: 486

= Typical CADL range from 9/8/2021 to 11/14/2024
25.6
16.6
10.6
12.3
7.9
4.9
6.5
9.0
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 47
XBRL?   [ original filing ]
Total numbers found: 367

= Typical CADL range from 9/8/2021 to 11/14/2024
30.9
21.2
9.5
13.0
4.8
9.2
4.6
3.4
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 61
XBRL?   [ original filing ]
Total numbers found: 476

= Typical CADL range from 9/8/2021 to 11/14/2024
30.1
18.4
8.3
8.6
6.2
4.2
9.1
6.5
8.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 19
XBRL?   [ original filing ]
Total numbers found: 385

= Typical CADL range from 9/8/2021 to 11/14/2024
32.9
14.9
9.5
11.1
6.7
6.0
6.7
6.9
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 504

= Typical CADL range from 9/8/2021 to 11/14/2024
26.2
20.2
9.7
11.8
6.5
6.0
6.4
7.5
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL?   [ original filing ]
Total numbers found: 535

= Typical CADL range from 9/8/2021 to 11/14/2024
31.8
18.4
9.7
11.7
4.4
8.3
7.0
5.5
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 472

= Typical CADL range from 9/8/2021 to 11/14/2024
 

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