NASDAQ$AGEN

Agenus Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Transitioned to a commercial company with the initiation of rolling BLA filing for balstilimab monotherapy and reported positive data on multiple programs.

Agenus reported a net loss for the fourth quarter of 2020, and the initiation of their rolling BLA filing for balstilimab monotherapy.

  • Initiated rolling BLA filing for balstilimab monotherapy.
  • Reported positive data on multiple programs.
  • BLA completion expected in first half of 2021.
  • AGEN1777 (Anti-TIGIT bispecific) slated for IND filing in 2Q 2021.

Headline financials

Total Revenue

$31.3M

Previous: $34.5M-9.4%
EPS (adj)

-$4.00

Previous: -$4.40+9.1%
Capital Expenditures

$834K

Previous: $1.06M-21.0%
Free Cash Flow

-$36.4M

Previous: -$32.8M-10.9%
Net Income

-$38M

Previous: -$30.1M-26.4%
Operating Income

-$21.7M

Previous: -$19.3M-12.6%
Gross Profit

-$5.11M

Previous: -$2.33M-119.0%
Cash & Equivalents

$100M

Previous: $61.8M+61.8%
Total Assets

$215M

Previous: $155M+38.1%
Stock-Based Comp

$2.74M

Previous: $3.05M-10.0%

Revenue & EPS history

Agenus · Revenue · Quarterly

$31.3M

Q4 2020-9.4%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Agenus anticipates completing the balstilimab monotherapy BLA filing in the first half of 2021 and expects commercialization to provide a solid foundation for developing their next-generation pipeline.

Tailwinds

  • Completion of balstilimab monotherapy BLA filing expected in the first half of 2021.
  • Commercialization of balstilimab is anticipated.
  • Next-generation anti-CTLA-4 AGEN1181 shows superior potential.
  • Anti-TIGIT bispecific AGEN1777 has best-in-class potential.
  • iNKT cell therapy trials underway for COVID-19 and cancer.

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 Q4 2020

Historical avgQ4 2020

+0.7%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+6.1%

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%
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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