earnings
confidence high
sentiment neutral
materiality 0.65
Xencor Q3 net loss $32.8M ($0.55/sh); XmAb564 shows durable Treg expansion in Phase 1a
Xencor Inc
2022-Q3 EPS reported
-$0.72
revenue$142,969,000
- Q3 revenue $27.3M (up from $19.7M); net loss $32.8M vs $40.2M loss year ago.
- Cash $654.6M; funding through 2025; year-end 2022 cash guided at $575-600M.
- XmAb564 Phase 1a: single-dose well-tolerated; 117-fold peak CD25 bright Treg expansion; Phase 1b in atopic dermatitis/psoriasis started.
- Vudalimab Phase 2 in mCRPC; plamotamab Phase 2 enrolling; data at SITC and ASH.
- Vir royalty $17.8M in Q3; Zenas raised $118M, plans Phase 3 for obexelimab.