NASDAQ$MGNX

MacroGenics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended March 31, 2022 and provided update on corporate progress.

MacroGenics reported first quarter 2022 financial results, with total revenue of $11.1 million, including $3.6 million in MARGENZA sales. The company's net loss was $66.4 million. They plan to start Phase 2/3 prostate cancer study with MGC018 by year-end and initiated Phase 1 study of MGC018 in combination with lorigerlimab in advanced solid tumors.

  • Plan to start Phase 2/3 prostate cancer study with MGC018 by year-end.
  • Initiated Phase 1 study of MGC018 in combination with lorigerlimab in advanced solid tumors.
  • Targeting mid-2022 start of Phase 1 study of MGD024 in hematologic malignancies.
  • FDA accepted the Biologics License Application (BLA) for teplizumab for the delay of clinical T1D in at-risk individuals.

Headline financials

Total Revenue

$11.1M

Previous: $16.9M-34.2%
EPS (adj)

-$1.08

Previous: -$0.90-20.0%
Shares Outstanding

61.3M

Previous: 60.0M+2.2%
Capital Expenditures

-$1.42M

Previous: -$626K-126.0%
Free Cash Flow

-$67.9M

Previous: -$51.9M-30.8%
Net Income

-$66.4M

Previous: -$51.3M-29.6%
Operating Income

-$66.6M

Previous: -$51.3M-29.9%
Gross Profit

$11.1M

Previous: $16.9M-34.5%
Cash & Equivalents

$184M

Previous: $343M-46.4%
Total Assets

$271M

Previous: $435M-37.7%
Stock-Based Comp

$5.27M

Previous: $5.29M-0.2%

Revenue & EPS history

MacroGenics · Revenue · Quarterly

$11.1M

Q1 2022-34.2%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

MacroGenics · $7.52M total across 2 segments · Q1 2022

  • Collaborative Agreements
    $7.09M-53.3%
  • Government Agreements
    $428K-47.2%

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 2022

Historical avgQ1 2022

+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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