NASDAQ$AGEN

Agenus Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Agenus reported financial results for the first quarter of 2021.

Agenus reported a net loss of $54 million, or $0.27 per share, for the quarter ended March 31, 2021. The company ended the quarter with a cash balance of $119 million. Revenue for the quarter was $12 million.

  • Ended first quarter 2021 with a cash balance of $119 million, compared to $100 million at December 31, 2020.
  • Cash used in operations for the three months ended March 31, 2021 was $43 million, compared to $35 million for the quarter ended March 31, 2020.
  • Net loss for the quarter ended March 31, 2021 was $54 million, or $0.27 per share, including non-cash expenses of $12 million.
  • Revenue of $12 million was recognized for the quarter ended March 31, 2021, including revenue related to non-cash royalties earned and collaboration agreements.

Headline financials

Total Revenue

$11.7M

Previous: $15.1M-22.5%
EPS (adj)

-$5.40

Previous: -$4.00-35.0%
Capital Expenditures

-$196K

Previous: -$644K+69.6%
Free Cash Flow

-$54.6M

Previous: -$45.9M-18.9%
Net Income

-$54.4M

Previous: -$45.3M-20.2%
Operating Income

-$41.4M

Previous: -$27.5M-50.6%
Gross Profit

$10.6M

Previous: $144K+7270.8%
Cash & Equivalents

$119M

Previous: $92.3M+29.3%
Total Assets

$235M

Previous: $180M+30.5%

Revenue & EPS history

Agenus · Revenue · Quarterly

$11.7M

Q1 2021-22.5%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Agenus expects to achieve additional impactful milestones during the remainder of the second quarter and the rest of 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+5.4%

Avg return

30 days after

49%

31 / 63 earnings

Positive

+39.9%

Q4 2011

Best reaction

-22.3%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-14.9%-6.3%-19.9%
Q4 2025+5.8%+19.7%+55.8%
Q3 2025+6.3%+9.0%+2.8%
Q1 2025+20.3%+19.6%+77.3%
Q4 2024-4.7%-13.5%-24.7%
Q3 2024-22.3%-30.3%-21.0%
Q2 2024+0.2%-7.3%-2.6%
Q1 2024-11.4%-19.0%+27.9%
Q4 2023-18.0%-15.2%-38.3%
Q3 2023+7.5%-16.7%+3.8%
Q2 2023-5.9%-0.7%-7.4%
Q1 2023-3.1%-10.7%+28.3%
Q4 2022+10.5%-0.6%-12.3%
Q3 2022-15.5%+5.0%+5.0%
Q2 2022+2.3%+13.8%+0.4%
Q1 2022-0.7%+7.2%+7.9%
Q4 2021+13.7%+7.8%-8.9%
Q3 2021+3.6%-7.2%-23.2%
Q2 2021-0.4%+9.2%+13.0%
Q1 2021+4.2%+5.1%+36.6%
Q4 2020-3.0%-6.3%-18.7%
Q3 2020+0.0%+4.9%+0.5%
Q2 2020+12.3%+5.7%+17.4%
Q1 2020-4.2%-3.0%+45.8%
Q4 2019-7.4%-20.6%-8.1%
Q3 2019+13.3%+25.3%+38.2%
Q2 2019+17.8%+24.7%+41.6%
Q1 2019+7.5%+10.2%+1.5%
Q4 2018-3.0%+1.0%-12.2%
Q3 2018+10.1%+5.9%+25.0%
Q2 2018+4.6%+3.5%+16.8%
Q1 2018-14.1%-3.3%-14.4%
Q4 2017+2.1%-1.6%-18.7%
Q3 2017-4.4%+1.6%-1.4%
Q2 2017-2.4%-6.6%-9.7%
Q1 2017+10.5%+10.5%+2.3%
Q4 2016+3.9%+0.3%-14.9%
Q3 2016-21.8%-26.0%-7.1%
Q2 2016+12.6%+12.6%+26.2%
Q1 2016-16.2%
Q4 2015+19.6%
Q3 2015-5.4%
Q2 2015-7.4%
Q1 2015+17.1%
Q3 2014-2.9%
Q2 2014+6.2%
Q1 2014-5.2%
Q4 2013+0.4%
Q3 2013+2.8%
Q2 2013+1.0%
Q1 2013+1.1%
Q4 2012+4.6%
Q3 2012-7.2%
Q2 2012-4.2%
Q1 2011-3.9%
Q1 2012+6.7%
Q4 2011+39.9%
Q3 2011-3.7%
Q2 2011-16.2%
Q4 2010-4.0%
Q3 2010-5.2%
Q2 2010-1.2%
Q1 2010+14.6%

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