NASDAQ$MGNX

MacroGenics Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results and corporate progress for Q2 2021.

MacroGenics reported a net loss of $39.9 million for the quarter ended June 30, 2021, with total revenue of $30.8 million, including $3.2 million in net sales of MARGENZA. The company's cash, cash equivalents, and marketable securities were $297.3 million as of June 30, 2021.

  • Presented encouraging Phase 1 study data of MGC018 at ASCO.
  • Announced strategic collaboration with Zai Lab to develop and commercialize preclinical bispecific antibodies in oncology.
  • Expects to complete and share top-line results from the final analysis of OS data from the SOPHIA metastatic breast cancer Phase 3 study by the end of Q3 2021.
  • Plans to report interim safety and efficacy data from the MAHOGANY study at ESMO in September 2021.

Headline financials

Total Revenue

$30.8M

Previous: $20.3M+51.8%
EPS (adj)

-$0.66

Previous: -$0.94+29.8%
Shares Outstanding

60.1M

Previous: 53.4M+12.7%
Capital Expenditures

-$2.69M

Previous: -$1.85M-45.8%
Free Cash Flow

-$42.6M

Previous: -$48.7M+12.5%
Net Income

-$39.9M

Previous: -$46.9M+14.8%
Operating Income

-$40.3M

Previous: -$47.3M+14.9%
Gross Profit

$30.7M

Previous: $20.3M+51.7%
Cash & Equivalents

$297M

Previous: $233M+27.7%
Total Assets

$426M

Previous: $328M+30.0%
Stock-Based Comp

$6.07M

Previous: $5.1M+19.1%

Revenue & EPS history

MacroGenics · Revenue · Quarterly

$30.8M

Q2 2021+51.8%vs Q2 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

MacroGenics · $27.6M total across 2 segments · Q2 2021

  • Collaborative Agreements
    $27.2M+73.8%
  • Government Agreements
    $386K-91.6%

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 Q2 2021

Historical avgQ2 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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