NASDAQ$MRSN

Mersana Therapeutics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Mersana Therapeutics reported financial results for the first quarter ended March 31, 2021 and provided a business update.

Mersana Therapeutics announced the initiation of UPLIFT, a single-arm registrational strategy for evaluating UpRi in platinum-resistant ovarian cancer. The company ended the first quarter of 2021 with $228.4 million in cash and cash equivalents.

  • Initiated UPLIFT single-arm registration strategy for evaluation of UpRi in platinum-resistant ovarian cancer.
  • UpRi has demonstrated promising activity and a differentiated tolerability profile.
  • Remain on track to initiate the UPGRADE umbrella combination study in the third quarter of 2021.
  • Ended first quarter of 2021 with $228.4 million in cash.

Headline financials

Total Revenue

$11K

Previous: $11K+0.0%
EPS (adj)

-$0.50

Previous: -$0.35-42.9%
Capital Expenditures

$114K

Previous: $65K+75.4%
Free Cash Flow

-$27.1M

Previous: -$21.3M-27.3%
Net Income

-$27M

Previous: -$16.9M-59.5%
Gross Profit

-$27.4M

Previous: -$12.2M-124.5%
Cash & Equivalents

$228M

Previous: $78.4M+191.3%
Total Assets

$248M

Previous: $95.9M+158.6%
Stock-Based Comp

$4.04M

Previous: $1.61M+151.0%

Revenue & EPS history

Mersana · Revenue · Quarterly

$11K

Q1 2021+0%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The Company expects that its available funds will be sufficient to support its operating plan commitments for approximately two years.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (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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