NASDAQ$MRSN

Mersana Therapeutics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Mersana announced its Q1 2023 financial results and provided a business update.

Mersana Therapeutics reported its first quarter 2023 financial results, highlighting the anticipation of topline data for UPLIFT and a comprehensive development plan for UpRi. The company is focused on ADC innovation and advancing its pipeline, supported by a solid financial position.

  • Topline data for UPLIFT is expected in the near term.
  • A comprehensive development plan aims to establish UpRi as a foundational medicine in ovarian cancer.
  • Mersana continues to focus on ADC innovation using its proprietary platforms.
  • The company is advancing a pipeline of wholly owned assets and programs with several collaborators.

Headline financials

Total Revenue

$7.8M

Previous: $2.04M+283.2%
EPS (adj)

-$0.52

Previous: -$0.59+11.9%
Capital Expenditures

$911K

Previous: $329K+176.9%
Free Cash Flow

-$29.9M

Previous: -$8.28M-261.1%
Net Income

$0.00

Previous: -$48M+100.0%
Operating Income

$0.00

No prior period
Gross Profit

$7.48M

Previous: $1.83M+308.7%
Cash & Equivalents

$0.00

Previous: $230M-100.0%
Total Assets

$296M

Previous: $258M+14.7%
Stock-Based Comp

$6.41M

Previous: $5.49M+16.8%

Revenue & EPS history

Mersana · Revenue · Quarterly

$7.8M

Q1 2023+283.2%vs Q1 2022
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+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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