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Jun 30, 2022

Agenus Q2 2022 Earnings Report

Agenus reported financial results for the second quarter of 2022.

Key Takeaways

Agenus reported a revenue of $21 million for the second quarter ended June 30, 2022, representing an increase of $10 million from the same period in 2021. The net loss for the quarter was $49 million or $0.17 per share, compared to a net loss of $84 million or $0.37 per share for the quarter ended June 30, 2021.

Agenus presented botensilimab/balstilimab combination data in MSS colorectal cancer at ESMO GI.

Botensilimab/balstilimab data to drive rapid enrollment in randomized trials

Clinical-stage pipeline continues to advance

Company ends Q2 in a strong financial position

Total Revenue
$20.9M
Previous year: $10.7M
+95.0%
EPS
-$3.4
Previous year: -$7.4
-54.1%
Gross Profit
-$26.1M
Previous year: -$35.4M
-26.5%
Cash and Equivalents
$238M
Previous year: $74M
+221.6%
Free Cash Flow
-$61.9M
Previous year: -$57.8M
+7.1%
Total Assets
$456M
Previous year: $192M
+137.2%

Agenus

Agenus

Forward Guidance

This report does not contain any forward guidance.