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Mar 31, 2022

MacroGenics Q1 2022 Earnings Report

Reported financial results for the quarter ended March 31, 2022 and provided update on corporate progress.

Key Takeaways

MacroGenics reported first quarter 2022 financial results, with total revenue of $11.1 million, including $3.6 million in MARGENZA sales. The company's net loss was $66.4 million. They plan to start Phase 2/3 prostate cancer study with MGC018 by year-end and initiated Phase 1 study of MGC018 in combination with lorigerlimab in advanced solid tumors.

Plan to start Phase 2/3 prostate cancer study with MGC018 by year-end.

Initiated Phase 1 study of MGC018 in combination with lorigerlimab in advanced solid tumors.

Targeting mid-2022 start of Phase 1 study of MGD024 in hematologic malignancies.

FDA accepted the Biologics License Application (BLA) for teplizumab for the delay of clinical T1D in at-risk individuals.

Total Revenue
$11.1M
Previous year: $16.9M
-34.2%
EPS
-$1.08
Previous year: -$0.9
+20.0%
Shares Outstanding
61.33M
Previous year: 60.01M
+2.2%
Gross Profit
$10.6M
Previous year: $16.1M
-33.8%
Cash and Equivalents
$184M
Previous year: $343M
-46.4%
Free Cash Flow
-$59.1M
Previous year: -$29.7M
+99.3%
Total Assets
$271M
Previous year: $435M
-37.7%

MacroGenics

MacroGenics

MacroGenics Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income