Sep 30, 2020

Y-mAbs Q3 2020 Earnings Report

Y-mAbs reported financial results for the third quarter 2020.

Key Takeaways

Y-mAbs reported a net loss of $32.8 million, or ($0.82) per basic and diluted share, for the three months ended September 30, 2020, compared to a net loss of $23.9 million for the three months ended September 30, 2019.

Net loss of $32.8 million, or ($0.82) per basic and diluted share.

Research and development expenses were $21.0 million.

General and administrative expenses were $11.6 million.

The Company had approximately $131.3 million in cash and cash equivalents as of September 30, 2020

EPS
-$0.82
Previous year: -$0.7
+17.1%
Cash and Equivalents
$131M
Free Cash Flow
-$24.2M
Total Assets
$143M

Y-mAbs

Y-mAbs

Forward Guidance

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995.