NASDAQ$IMCR

Immunocore Holdings plc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Immunocore reported increased KIMMTRAK sales and advanced its clinical pipeline.

Immunocore reported net product sales of $75.3 million for the second quarter of 2024, driven by growth in the US. The company is progressing its clinical trials, including the registrational Phase 3 TEBE-AM trial and the Phase 3 PRISM-MEL-301 trial. Immunocore is also expanding its platform into autoimmune diseases.

  • KIMMTRAK net product sales reached $75.3 million in Q2 2024, a 32% increase compared to the same period last year.
  • US growth was driven by increased penetration in the community setting and duration of treatment.
  • The registrational Phase 3 TEBE-AM trial in previously treated cutaneous melanoma is ongoing, with enrollment expected to complete in 1H 2026.
  • The registrational Phase 3 PRISM-MEL-301 trial evaluating brenetafusp + nivolumab in first-line cutaneous melanoma started randomization.

Headline financials

Total Revenue

$75.4M

Previous: $60.7M+24.2%
EPS

-$0.23

Previous: -$0.37+37.8%
KIMMTRAK Net Sales

$75.3M

No prior period
R&D Expenses

$51.1M

No prior period
SG&A Expenses

$38.6M

No prior period
Capital Expenditures

-$761K

Previous: $1.4M-154.6%
Free Cash Flow

-$12.4M

Previous: -$1.35M-816.8%
Net Income

-$11.6M

Previous: -$17.8M+34.8%
Operating Income

-$16M

Previous: -$20M+19.8%
Gross Profit

$73.7M

Previous: $59.4M+24.1%
Cash & Equivalents

$505M

Previous: $432M+16.9%
Total Assets

$1.02B

No prior period
R&D Expense

$51.1M

No prior period
Stock-Based Comp

$10M

Previous: $8.82M+13.4%

Revenue & EPS history

Immunocore · Revenue · Quarterly

$75.4M

Q2 2024+24.2%vs Q2 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Immunocore anticipates presenting multiple data read-outs and progressing three Phase 3 trials, with registrational data expected in 2026, 2027 and 2028. The company also plans to advance its new autoimmune and oncology clinical and pre-clinical programs.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.2%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+8.3%

Q3 2023

Best reaction

-11.0%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.6%+0.0%-2.1%
Q4 2025-4.8%-3.0%-12.6%
Q3 2025-3.2%+9.7%+21.5%
Q1 2025+6.3%+5.3%+32.8%
Q4 2024+5.3%-1.1%+1.3%
Q3 2024+4.0%+5.0%-4.5%
Q2 2024+0.8%+1.7%-9.5%
Q1 2024-1.9%-6.6%-31.7%
Q4 2023-4.6%-7.2%-7.7%
Q3 2023+8.3%+4.6%+15.8%
Q2 2023-3.3%-5.9%-12.7%
Q1 2023-1.5%+3.2%-4.6%
Q4 2022-4.9%-5.1%-9.9%
Q3 2022+2.9%+13.7%+9.3%
Q2 2022+1.6%+5.8%-13.5%
Q1 2022-11.0%+2.7%+1.4%
Q4 2021-0.7%+7.5%+37.7%
Q3 2021+0.4%-0.2%-21.3%
Q2 2021-4.9%-9.5%-1.4%
Q1 2021-1.5%-9.4%-5.3%
Q4 2020+0.1%+6.8%-7.1%
Q3 2020
Q2 2020
Q1 2020
Q4 2019

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