earnings
confidence high
sentiment neutral
materiality 0.60
CytomX Q1 2022 revenue $17.1M; cash $263M; pipeline data expected H2 2022
CytomX Therapeutics, Inc.
- Cash, equivalents and investments $263M at March 31, 2022, down from $305M at Dec 31, 2021.
- Total revenue $17.1M for Q1 2022, up from $16.0M in Q1 2021, primarily from AbbVie collaboration.
- R&D expenses $30.6M (up $8.2M YoY); G&A $10.5M (up $1.3M YoY); operating loss implied.
- Phase 2 praluzatamab ravtansine: Arm A enrollment complete; initial data for Arms A & B in H2 2022.
- CX-2029 completed enrollment in squamous NSCLC cohort; data update expected in H2 2022.