NASDAQ$MRSN

Mersana Therapeutics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Mersana reported financial results for Q2 2022 and provided a business update.

Mersana Therapeutics reported progress in 2022, including building UpRi as a potential foundational medicine in ovarian cancer, achieving key regulatory goals with XMT-1660 and XMT-2056, and entering into two new strategic partnerships with Janssen and GSK.

  • UpRi's advancement remains a primary focus.
  • Enrollment completion in UPLIFT is approaching.
  • Patient screening in UP-NEXT is underway.
  • Mersana's proprietary ADC platforms are allowing advancement of new candidates into the clinic.

Headline financials

Total Revenue

$4.28M

Previous: $11K+38845.5%
EPS (adj)

-$0.55

Previous: -$0.59+6.8%
Capital Expenditures

$657K

Previous: $333K+97.3%
Free Cash Flow

-$45.4M

Previous: -$34.8M-30.6%
Net Income

-$52.2M

Previous: -$40.9M-27.6%
Gross Profit

-$36.9M

Previous: -$31.9M-15.7%
Cash & Equivalents

$135M

Previous: $227M-40.5%
Total Assets

$252M

Previous: $254M-0.5%
Stock-Based Comp

$5.35M

Previous: $4.58M+16.7%

Revenue & EPS history

Mersana · Revenue · Quarterly

$4.28M

Q2 2022+38,845.5%vs Q2 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Mersana anticipates receiving $100 million from GSK as consideration for entry into the option agreement and GSK’s potential exercise of its option for a license to co-develop and commercialize XMT-2056.

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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