secwatch.observer — SEC 8-K summary
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Issuer:     AGENUS INC (AGEN)
CIK:        0001098972
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0000950170-25-036829
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agenus Q4 net loss $46.8M; targets annual cash burn of ~$50M by mid-2025
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- Q4 2024 net loss $46.8M ($2.04/share); full-year net loss $232.3M ($10.59/share).
- Revenue Q4 $26.8M, full-year $103.5M (largely non-cash royalty).
- Cash balance $40.4M at Dec 31, 2024, down from $76.1M year-end 2023.
- Operational cash burn $28.7M in Q4; plan to cut annualized burn to ~$50M by mid-2025.
- BOT/BAL program shows durable responses in colorectal cancer; partnership discussions ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098972/000095017025036829/0000950170-25-036829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098972/000095017025036829/agen-20250311.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-036829

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer