NASDAQ$MRSN

Mersana Therapeutics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Mersana Therapeutics reported financial results for the fourth quarter and full year 2020 and provided a business update.

Mersana Therapeutics reported its Q4 and full year 2020 financial results, highlighting the progress of UpRi in ovarian cancer and advancements in its ADC pipeline. The company ended the year with $255.1 million in cash and expects these funds to support its operating plan for approximately the next two years.

  • UpRi single-arm registration strategy (UPLIFT) in platinum-resistant ovarian cancer is on track to begin in Q1 2021.
  • Significantly progressed pipeline of ADC candidates from the Company’s innovative Dolasynthen and Immunosynthen platforms.
  • Ended 2020 with $255.1 million in cash.
  • Net cash used in operating activities in the fourth quarter of 2020 was $17.3 million.

Headline financials

Total Revenue

$10K

Previous: $42K-76.2%
EPS (adj)

-$0.42

Previous: -$0.34-23.5%
Capital Expenditures

$188K

No prior period
Free Cash Flow

-$17.5M

Previous: -$12.6M-39.2%
Net Income

-$28.8M

Previous: -$16.2M-77.5%
Gross Profit

-$22.8M

Previous: -$12.4M-84.4%
Cash & Equivalents

$255M

Previous: $99.8M+155.6%
Total Assets

$273M

Previous: $108M+154.2%
Stock-Based Comp

$1.99M

Previous: $1.26M+57.6%

Revenue & EPS history

Mersana · Revenue · Quarterly

$10K

Q4 2020-76.2%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Mersana expects that its available funds will be sufficient to support its operating plan commitments for approximately the next 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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