NASDAQ$MGNX

MacroGenics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

MacroGenics' financial results for Q1 2021 were reported, and corporate progress was updated.

MacroGenics reported total revenue of $16.9 million for the quarter ended March 31, 2021, including $0.9 million net sales of MARGENZA. Net loss was $51.3 million. Cash, cash equivalents and marketable securities were $343.2 million as of March 31, 2021.

  • MARGENZA™ was launched in mid-March.
  • MGC018 initial Phase 1 clinical data will be presented at ASCO.
  • The company anticipates completing the final analysis of OS data for the SOPHIA trial by the end of the third quarter.
  • Enrollment in Module B of the MAHOGANY study is ongoing in coordination with Zai Lab.

Headline financials

Total Revenue

$16.9M

Previous: $13.7M+23.4%
EPS (adj)

-$0.90

Previous: -$0.91+1.1%
Shares Outstanding

60.0M

Previous: 49.1M+22.1%
Capital Expenditures

-$626K

Previous: -$1.25M+50.0%
Free Cash Flow

-$51.9M

Previous: -$46M-12.9%
Net Income

-$51.3M

Previous: -$44.7M-14.6%
Operating Income

-$51.3M

Previous: -$45.4M-12.9%
Gross Profit

$16.9M

Previous: $13.7M+23.3%
Cash & Equivalents

$343M

Previous: $171M+100.9%
Total Assets

$435M

No prior period
Stock-Based Comp

$5.29M

No prior period

Revenue & EPS history

MacroGenics · Revenue · Quarterly

$16.9M

Q1 2021+23.4%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

MacroGenics · $16M total across 2 segments · Q1 2021

  • Collaborative Agreements
    $15.2M+17.1%
  • Government Agreements
    $810K+13.3%

Forward guidance

MacroGenics anticipates that its cash, cash equivalents and marketable securities as of March 31, 2021, as well as anticipated and potential collaboration payments, should enable it to fund its operations through 2023, assuming the Company’s programs and collaborations advance as currently contemplated.

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

+5.6%

Avg return

Earnings day

+4.0%

Avg return

5 days after

+3.4%

Avg return

30 days after

44%

23 / 52 earnings

Positive

+251.7%

Q1 2020

Best reaction

-77.4%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%+24.0%+12.9%
Q4 2025+45.3%+27.1%+45.8%
Q3 2025+8.3%+4.8%-4.8%
Q1 2025+0.0%+0.0%-5.1%
Q4 2024-4.8%-25.7%-40.0%
Q3 2024+13.2%+17.6%-8.4%
Q2 2024-5.6%-1.7%-5.6%
Q1 2024-77.4%-69.6%-69.1%
Q4 2023-18.8%-18.0%-15.0%
Q3 2023+20.0%+20.5%+62.7%
Q2 2023+26.6%+13.7%+4.7%
Q1 2023-0.4%-9.1%-28.2%
Q4 2022+8.4%+3.7%+0.6%
Q3 2022+22.1%+30.1%+42.3%
Q2 2022+16.2%+18.9%-3.6%
Q1 2022-15.2%-38.2%-56.5%
Q4 2021-3.6%-8.1%-12.7%
Q3 2021+4.1%+5.1%-16.7%
Q2 2021-5.5%-5.7%-10.3%
Q1 2021-8.3%-9.8%-8.8%
Q4 2020+18.7%+16.1%+57.6%
Q3 2020+4.9%+0.9%+19.9%
Q2 2020-1.5%+3.1%+5.9%
Q1 2020+251.7%+184.5%+186.4%
Q4 2019+8.5%-20.8%-45.5%
Q3 2019-0.9%-6.5%+13.9%
Q2 2019-0.3%-9.1%-2.5%
Q1 2019+3.4%+9.7%+9.4%
Q4 2018-2.8%-5.8%-19.4%
Q3 2018+8.7%-1.0%-2.3%
Q2 2018+6.3%+9.5%+11.1%
Q1 2018-9.2%-7.8%+2.8%
Q4 2017+2.1%+17.7%+2.4%
Q3 2017-1.6%-0.3%+8.9%
Q2 2017+6.6%+8.0%+17.8%
Q1 2017-1.7%-12.2%-9.9%
Q4 2016-5.1%-2.7%-15.8%
Q3 2016-16.3%-6.0%+10.4%
Q2 2016+6.8%+1.1%-2.2%
Q1 2016-5.8%
Q4 2015+5.1%
Q3 2015-4.4%
Q2 2015-12.1%
Q1 2015+9.5%
Q4 2014-0.2%
Q3 2014+17.5%
Q2 2014-4.8%
Q2 2013-4.8%
Q1 2014-5.0%
Q1 2013-5.0%
Q4 2013-7.6%
Q3 2013+7.3%
Q4 2012
Q3 2012

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