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Mar 31, 2021
Agenus Q1 2021 Earnings Report
Agenus reported financial results for the first quarter of 2021.
Key Takeaways
Agenus reported a net loss of $54 million, or $0.27 per share, for the quarter ended March 31, 2021. The company ended the quarter with a cash balance of $119 million. Revenue for the quarter was $12 million.
Ended first quarter 2021 with a cash balance of $119 million, compared to $100 million at December 31, 2020.
Cash used in operations for the three months ended March 31, 2021 was $43 million, compared to $35 million for the quarter ended March 31, 2020.
Net loss for the quarter ended March 31, 2021 was $54 million, or $0.27 per share, including non-cash expenses of $12 million.
Revenue of $12 million was recognized for the quarter ended March 31, 2021, including revenue related to non-cash royalties earned and collaboration agreements.
Forward Guidance
Agenus expects to achieve additional impactful milestones during the remainder of the second quarter and the rest of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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