NASDAQ$XNCR

Xencor Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2024.

Xencor reported revenues of $17.0 million and a net loss of $66.0 million for the second quarter ended June 30, 2024. The company's cash, cash equivalents, and marketable debt securities totaled $585.0 million as of June 30, 2024. They expect 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.

  • Xencor is focused on developing first-in-class bispecific T-cell engagers and additional XmAb® candidates.
  • Dose-escalation studies of XmAb819 and XmAb808 are on track to reach target dose levels by year end.
  • XmAb541 is off to a strong clinical start with initial study enrollment.
  • Xencor regained exclusive worldwide rights to plamotamab (CD20 x CD3).

Headline financials

Total Revenue

$17M

Previous: $45.5M-62.7%
EPS

-$1.07

Previous: -$0.37-189.2%
Capital Expenditures

-$3.16M

Previous: -$14.6M+78.4%
Free Cash Flow

-$69.1M

Previous: -$36.6M-88.9%
Net Income

-$66M

Previous: -$22M-200.5%
Operating Income

-$62.3M

Previous: -$26M-139.7%
Gross Profit

-$2.01M

Previous: $42.6M-104.7%
Cash & Equivalents

$30.8M

Previous: $34.7M-11.4%
Total Assets

$826M

Previous: $778M+6.2%

Revenue & EPS history

Xencor · Revenue · Quarterly

$17M

Q2 2024-62.7%vs Q2 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 Q2 2024

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro