NASDAQ$XNCR

Xencor Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2024.

Xencor reported a net loss of $68.0 million, or $(1.11) per share, for the first quarter ended March 31, 2024. Revenues for the quarter were $12.8 million, compared to $19.0 million for the same period in 2023. Cash, cash equivalents and marketable debt securities totaled $646.7 million as of March 31, 2024.

  • First patient dosed in Phase 1 study of XmAb®541 (CLDN6 x CD3) for CLDN6-positive tumors.
  • FDA approved Ultomiris® (Alexion Pharmaceuticals, Inc.) for adults with NMOSD.
  • Single dose of investigational antibody with Xtend™ confers protection against malaria infection.
  • Bart Cornelissen was appointed as Xencor’s senior vice president and chief financial officer.

Headline financials

Total Revenue

$12.8M

Previous: $19M-32.5%
EPS (adj)

-$1.11

Previous: -$1.02-8.8%
Capital Expenditures

-$132K

Previous: -$10.8M+98.8%
Free Cash Flow

-$68.2M

Previous: -$71.5M+4.7%
Net Income

-$68.7M

Previous: -$60.8M-13.1%
Operating Income

-$57.9M

Previous: -$59.4M+2.5%

Revenue & EPS history

Xencor · Revenue · Quarterly

$12.8M

Q1 2024-32.5%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Xencor expects to end 2024 with between $475 million and $525 million in cash, cash equivalents and marketable debt securities, and to have cash to fund research and development programs and operations into 2027.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.1%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.1%

Avg return

30 days after

48%

25 / 52 earnings

Positive

+11.3%

Q2 2018

Best reaction

-16.6%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%-0.5%-8.4%
Q4 2025+1.5%+4.1%-3.3%
Q3 2025-2.4%+3.5%+20.4%
Q1 2025+0.2%-4.6%+12.3%
Q3 2024+7.7%+8.3%+17.8%
Q2 2024-6.9%-16.4%-13.3%
Q1 2024-5.0%-13.9%-8.1%
Q4 2023-11.9%-7.9%-14.5%
Q3 2023-6.3%-7.3%+9.8%
Q2 2023+2.8%+1.4%-4.6%
Q1 2023-2.2%-2.4%-1.6%
Q4 2022-3.2%-6.1%-18.3%
Q3 2022+8.6%+9.0%+9.9%
Q2 2022+2.3%+1.4%-8.5%
Q1 2022-1.0%-2.5%-16.7%
Q4 2021+1.3%-2.4%-12.3%
Q3 2021-7.0%-6.4%-13.3%
Q2 2021+2.9%-2.3%+7.8%
Q1 2021-2.4%-6.3%-10.4%
Q4 2020-1.3%+0.3%-10.8%
Q3 2020-8.7%-3.9%-5.7%
Q2 2020-3.2%+1.0%+6.6%
Q1 2020+7.1%+7.3%-3.2%
Q4 2019-8.8%-7.6%-18.2%
Q3 2019-1.0%-1.0%+20.9%
Q2 2019-16.6%-15.6%-18.9%
Q1 2019+10.7%+4.9%-3.5%
Q4 2018-3.1%-0.8%+1.3%
Q3 2018+6.2%-0.3%+3.7%
Q2 2018+11.3%+10.0%+10.1%
Q1 2018-2.5%+4.4%+38.4%
Q4 2017+4.8%+0.9%+2.6%
Q3 2017+2.1%+4.6%+10.7%
Q2 2017+4.7%-3.9%-1.9%
Q1 2017-6.8%-6.3%-12.0%
Q4 2016+7.6%+5.5%-5.6%
Q3 2016-11.0%-4.7%+24.9%
Q2 2016+9.4%+16.0%+10.7%
Q1 2016-2.9%
Q4 2015+11.2%
Q3 2015+4.6%
Q2 2015-2.2%
Q1 2015-5.5%
Q4 2012+1.8%
Q4 2014-0.9%
Q3 2014+3.6%
Q3 2013+3.6%
Q2 2013+1.7%
Q2 2014+2.6%
Q4 2013-1.6%
Q1 2013-1.6%
Q1 2014-2.3%
Q3 2012

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