NASDAQ$AGEN

Agenus Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results and provided a corporate update.

Agenus reported revenue of $28 million and a net loss of $74 million for the fourth quarter of 2022. The company ended the year with a cash, cash equivalent, and short-term investment balance of $193 million.

  • Agenus entered 2023 with strong momentum across its clinical pipeline of immuno-oncology programs.
  • Botensilimab and balstilimab show exciting potential in combination to treat a broad spectrum of treatment-resistant cancers.
  • Botensilimab's clinical activity in advanced and refractory cancers has generated considerable interest from experts worldwide.
  • Agenus is expediting the expansion of its botensilimab/balstilimab development program in MSS CRC and other priority indications.

Headline financials

Total Revenue

$28.4M

Previous: $20.3M+40.1%
EPS (adj)

-$4.80

Previous: -$5.20+7.7%
Capital Expenditures

$14.3M

Previous: $8.96M+60.1%
Free Cash Flow

-$61.7M

Previous: -$31.9M-93.4%
Net Income

-$74M

Previous: -$65.5M-13.0%
Operating Income

-$57.8M

Previous: -$54M-6.9%
Gross Profit

-$32.6M

Previous: -$34.1M+4.5%
Cash & Equivalents

$193M

Previous: $292M-33.9%
Total Assets

$414M

Previous: $466M-11.2%
Stock-Based Comp

$4.26M

Previous: $5.2M-18.1%

Revenue & EPS history

Agenus · Revenue · Quarterly

$28.4M

Q4 2022+40.1%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Agenus is focused on advancing its clinical pipeline and strategic partnerships in 2023.

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 2022

Historical avgQ4 2022

+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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