NASDAQ$INKT

Mink Therapeutics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter 2023, with advancements in iNKT cell platform and progress in engineered programs.

MiNK Therapeutics reported its Q3 2023 financial results, highlighting advancements in its iNKT cell platform, progress in engineered programs, and strides in internal cGMP manufacturing. The company ended the quarter with a cash balance of $6.4 million. AgenT-797 has demonstrated promising results in patients with late-stage metastatic cancer.

  • AgenT-797 shows promising results in patients with late-stage metastatic cancer, with over 30% experiencing disease stabilization or biomarker responses.
  • A patient with gastric cancer achieved a durable clinical response with agenT-797.
  • A randomized phase 2 clinical trial of agenT-797 +/- standard of care chemotherapy +/- Agenus’ botensilimab/balstilimab in patients with 2L gastric cancer is on track to launch this year.
  • Ended the third quarter with a cash balance of $6.4 million.

Headline financials

Total Revenue

$0.00

Previous: $1.56B-100.0%
EPS (adj)

-$0.15

Previous: -$0.19+21.1%
Capital Expenditures

$23K

Previous: $59.8K-61.5%
Free Cash Flow

-$4.23M

Previous: -$5.67M+25.4%
Net Income

-$5.12M

Previous: -$6.3M+18.8%
Operating Income

-$5.22M

Previous: -$7.99M+34.6%
Gross Profit

$0.00

No prior period
Cash & Equivalents

$6.4M

Previous: $24.2M-73.6%
Total Assets

$7.46M

Previous: $25.3M-70.5%
R&D Expense

$3.43M

No prior period
Stock-Based Comp

$939K

Previous: $773K+21.5%

Revenue & EPS history

Mink Therapeutics · Revenue · Quarterly

$0

Q3 2023-100%vs Q3 2022

Forward guidance

MiNK Therapeutics is advancing a pipeline of both native and next generation engineered iNKT programs, with a platform designed to facilitate scalable and reproducible manufacturing for off-the-shelf delivery.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-3.6%

Avg return

Earnings day

-4.9%

Avg return

5 days after

-1.7%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+14.6%

Q3 2022

Best reaction

-42.0%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+3.9%+2.2%+13.3%
Q3 2025-1.9%-16.6%-6.1%
Q2 2025-13.6%-16.0%-17.7%
Q1 2025-3.3%-3.8%-3.3%
Q4 2024-3.3%+6.8%-14.9%
Q3 2024-5.0%-13.5%-22.4%
Q2 2024+0.6%-3.0%-8.5%
Q1 2024+6.1%+3.1%-1.4%
Q4 2023-2.9%+4.7%-2.2%
Q3 2023-11.8%-20.2%-14.3%
Q2 2023+1.7%-5.0%-26.1%
Q1 2023+13.9%+11.3%+44.4%
Q4 2022+0.5%-3.4%-3.4%
Q3 2022+14.6%+17.8%+18.3%
Q2 2022+13.2%+25.7%+114.7%
Q1 2022-26.7%-26.7%-13.1%
Q4 2021-6.1%-4.2%-5.5%
Q3 2021-6.1%-4.2%-5.5%
Q2 2021-42.0%-47.6%-78.6%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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