Mar 31, 2023

Immunome Q1 2023 Earnings Report

Reported financial results for the first quarter ended March 31, 2023 and provided a corporate update.

Key Takeaways

Immunome reported its Q1 2023 financial results, highlighting the external validation of its Discovery Engine through the collaboration with AbbVie and the formation of an Antibody-Drug Conjugate and T Cell Redirection Advisory Board.

External validation of Discovery Engine through AbbVie collaboration.

Formation of Antibody-Drug Conjugate and T Cell Redirection Advisory Board.

Focus on prioritizing novel targets for ADCs and TCRs.

Leveraging Discovery Engine within existing oncology pipeline and strategic collaborations.

Total Revenue
$2.36M
EPS
-$0.35
Previous year: -$0.96
-63.5%
Gross Profit
$2.22M
Cash and Equivalents
$44.4M
Previous year: $42.9M
+3.6%
Free Cash Flow
$24.1M
Previous year: -$6.38M
-477.1%
Total Assets
$48.1M
Previous year: $47.7M
+0.8%

Immunome

Immunome

Forward Guidance

The press release contains forward-looking statements regarding Immunome’s ability to achieve anticipated discovery, development and commercial milestones; the timing and results of preclinical studies and clinical trials; regulatory submissions and actions; translation of preclinical data into clinical safety and efficacy; and therapeutic potential and benefits of, and possible need and demand for, Immunome’s programs and development candidates.