NASDAQ$MRSN
Mersana Therapeutics Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Mersana reported financial results and provided a business update for the first quarter ended March 31, 2020.
Mersana Therapeutics reported its Q1 2020 financial results, highlighting the progress of XMT-1536 and the company's response to the COVID-19 pandemic. The company's cash, cash equivalents, and marketable securities totaled $78.4 million as of March 31, 2020, and they raised $65.0 million in gross proceeds through the sale of common stock.
- Presented promising XMT-1536 Phase 1 dose escalation data and established maximum tolerated dose.
- Raised $65M of gross proceeds from the Company’s ATM facility.
- To present interim data from the ongoing XMT-1536 Phase 1 dose expansion on a conference call on May 27, 2020 and at the upcoming ASCO 2020 virtual scientific program
- Net cash used in operating activities in the first quarter of 2020 was $21.2 million
Headline financials
Revenue & EPS history
Mersana · Revenue · Quarterly
$11K
Forward guidance
Mersana expects that its current cash, cash equivalents and marketable securities, including the $65.0 million of gross proceeds from the ATM facility, will enable it to fund its operating plan into early 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports
+1.4%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+1.3%
Avg return
30 days after
47%
17 / 36 earnings
Positive
+38.9%
Q2 2022
Best reaction
-20.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +2.4% | +0.8% | +3.0% | |
| Q2 2025 | +11.6% | +22.3% | +18.6% | |
| Q1 2025 | -18.5% | -0.2% | -3.6% | |
| Q4 2024 | -8.3% | +3.6% | -36.7% | |
| Q3 2024 | +14.5% | -3.7% | -1.8% | |
| Q2 2024 | -13.4% | -7.2% | +25.2% | |
| Q1 2024 | -20.3% | -23.8% | -37.4% | |
| Q4 2023 | +27.4% | +33.8% | +4.8% | |
| Q3 2023 | -6.5% | -12.9% | +46.8% | |
| Q2 2023 | +0.0% | +4.2% | +6.7% | |
| Q1 2023 | +8.9% | +8.2% | +16.4% | |
| Q4 2022 | +7.0% | +4.4% | -26.3% | |
| Q3 2022 | -11.0% | — | — | |
| Q2 2022 | +38.9% | — | — | |
| Q1 2022 | -11.2% | — | — | |
| Q4 2021 | +14.4% | — | — | |
| Q3 2021 | -1.1% | — | — | |
| Q2 2021 | -2.1% | — | — | |
| Q1 2021 | -5.3% | — | — | |
| Q4 2020 | +7.7% | — | — | |
| Q3 2020 | -4.2% | — | — | |
| Q2 2020 | -1.9% | — | — | |
| Q1 2020 | -3.1% | — | — | |
| Q4 2019 | +3.5% | — | — | |
| Q3 2019 | +7.0% | — | — | |
| Q2 2019 | +2.3% | — | — | |
| Q1 2019 | +14.3% | — | — | |
| Q4 2018 | +4.0% | — | — | |
| Q3 2018 | +7.5% | — | — | |
| Q2 2018 | +0.0% | — | — | |
| Q1 2018 | -3.7% | — | — | |
| Q1 2016 | -8.9% | — | — | |
| Q3 2016 | -4.5% | — | — | |
| Q3 2017 | -5.1% | — | — | |
| Q4 2016 | +3.9% | — | — | |
| Q2 2016 | +3.9% | — | — | |
| Q1 2017 | — | — | — |
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