NASDAQ$XNCR

Xencor Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2022.

Xencor reported a net loss of $12.0 million for the fourth quarter of 2022, compared to a net income of $73.1 million for the same period in 2021. Total revenue for the fourth quarter was $21.6 million, compared to $154.0 million for the same period in 2021. The company's cash, cash equivalents, receivables, and marketable debt securities totaled $613.5 million as of December 31, 2022.

  • Advanced internal portfolio of XmAb drug candidates.
  • Initiated Phase 1 studies for two novel T-cell engagers, XmAb819 and XmAb808.
  • Expect to further expand wholly owned portfolio by initiating a Phase 1 study for XmAb662.
  • Anticipate submitting an IND for XmAb541.

Headline financials

Total Revenue

$21.6M

Previous: $154M-86.0%
EPS (adj)

-$0.20

Previous: $1.21-116.5%
Capital Expenditures

$9.97M

Previous: $6.32M+57.7%
Free Cash Flow

-$34.4M

Previous: $55.5M-162.0%
Net Income

-$12M

Previous: $73.1M-116.5%
Operating Income

-$42.6M

Previous: $91.7M-146.5%
Gross Profit

$19.5M

Previous: $154M-87.4%
Cash & Equivalents

$53.9M

Previous: $143M-62.4%
Total Assets

$846M

Previous: $838M+1.0%
Stock-Based Comp

$12.7M

Previous: $10.4M+22.7%

Revenue & EPS history

Xencor · Revenue · Quarterly

$21.6M

Q4 2022-86%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Xencor expects to end 2023 with between $425 million and $475 million in cash, cash equivalents, receivables and marketable debt securities, and to have cash to fund research and development programs and operations through the end of 2025.

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 Q4 2022

Historical avgQ4 2022

-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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