earnings
confidence high
sentiment neutral
materiality 0.70
Agenus Q3 2024 net loss $67.2M, cash $44.8M; BOT/BAL shows MSS CRC promise
AGENUS INC
2024-Q3 EPS reported
-$8.65
revenue$76,626,000
- Cash $44.8M at Sept 30, 2024 (vs $76.1M Dec 2023); raised $7.1M via ATM post-quarter.
- Q3 2024 revenue $25.1M (non-cash); net loss $67.2M; cash used in ops 9M 2024 $129.7M (down from $183.8M YoY).
- BOT/BAL combination shows unprecedented outcomes in neoadjuvant MSS CRC (ESMO GI 2024) and advanced sarcomas (ESMO 2024).
- Strategic initiatives: real estate monetization discussions advancing; near-term transaction expected to deliver substantial resources.
- EMA agreement on dose selection and trial design for Phase 3 study in MSS CRC.