NASDAQ$MGNX

MacroGenics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the year ended December 31, 2021 and provided an update on recent corporate progress.

MacroGenics reported its 2021 financial results, with total revenue of $77.4 million and a net loss of $202.1 million. The company's cash, cash equivalents, and marketable securities totaled $243.6 million as of December 31, 2021, which is expected to fund operations through 2023.

  • Initiating Phase 1 dose escalation study of MGC018 in combination with lorigerlimab in coming weeks.
  • Prioritizing MGD024 as lead CD3-based DART molecule targeting CD123 and discontinuing development of flotetuzumab.
  • Presented encouraging preclinical combinatorial anti-tumor activity with MGD024 at ASH in December.
  • Plans to meet with the U.S. Food and Drug Administration (FDA) to discuss the design of a potential registration-directed study of MGC018 in patients with metastatic castration-resistant prostate cancer (mCRPC).

Headline financials

Total Revenue

$14.1M

Previous: $52.7M-73.2%
EPS (adj)

-$0.95

Previous: $0.02-4850.0%
Capital Expenditures

$1.38M

Previous: $3.56M-61.4%
Free Cash Flow

-$55.7M

Previous: -$9.09M-512.4%
Net Income

-$202M

Previous: -$130M-55.8%
Operating Income

-$203M

Previous: -$131M-54.7%
Gross Profit

$12.7M

Previous: $51.7M-75.5%
Cash & Equivalents

$244M

Previous: $273M-10.6%
Total Assets

$335M

Previous: $379M-11.5%
Stock-Based Comp

$5.41M

Previous: $5.26M+2.9%

Revenue & EPS history

MacroGenics · Revenue · Quarterly

$14.1M

Q4 2021-73.2%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

MacroGenics · $65.1M total across 2 segments · Q4 2021

  • Collaborative Agreements
    $63.3M
  • Government Agreements
    $1.8M

Forward guidance

MacroGenics anticipates that its cash, cash equivalents and marketable securities as of December 31, 2021, plus anticipated and potential collaboration payments, and product revenues should enable it to fund its operations through 2023.

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 Q4 2021

Historical avgQ4 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro