secwatch.observer — SEC 8-K summary
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Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001628280-23-004846
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xencor Q4 2022 net loss $12M vs net income $73.1M; revenue $21.6M down 86% YoY
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- Net loss per share $(0.20) vs EPS $1.21 in Q4 2021; full year net loss $55.2M.
- Total revenue $21.6M in Q4 2022 vs $154.0M in Q4 2021; full year revenue $164.6M vs $275.1M.
- Cash and securities $613.5M as of Dec 31, 2022; expects to end 2023 with $425-475M.
- R&D expenses $51.5M in Q4, comparable to prior year; full year R&D $199.6M up from $192.5M.
- Initiated Phase 1 for XmAb819 (ENPP3xCD3) and XmAb808 (B7-H3xCD28); IND for XmAb541 planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000162828023004846/0001628280-23-004846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000162828023004846/xncr-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004846

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