Xencor Q1 net loss of $60.8M vs prior-year net income; revenue down to $19.0M

Xencor Inc

2023-Q1 EPS reported -$1.02 revenue$18,962,000

Net loss of $60.8M ($1.02 diluted EPS) vs net income of $23.6M ($0.39 EPS) in Q1 2022.
Revenue fell to $19.0M from $85.5M YoY; included $10.5M Alexion royalties and Janssen milestone.
Cash, equivalents, receivables and marketable securities at $568.2M as of March 31, 2023.
Full-year 2023 cash guidance at $425-475M; expects funding through end of 2025.
Appointed Nancy Valente as EVP, Chief Development Officer effective May 1, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Xencor Inc reported first quarter ended March 31, 2023 results: revenue $19.0 million, net income Net loss for the first quarter ended March 31, 2023 was $60.8 million, EPS $(1.02) on a fully diluted per share basis.

Period: first quarter ended March 31, 2023
Revenue: $19.0 million
Net income: Net loss for the first quarter ended March 31, 2023 was $60.8 million
EPS: $(1.02) on a fully diluted per share basis
Result: reported results

Exact text from the filing

marketable debt securities totaled $568.2 million as of March 31, 2023, compared to $613.5 million on December 31, 2022. Revenues for the first quarter ended March 31, 2023 were $19.0 million, compared to $85.5 million for the same period in 2022. Total revenues earned in the first quarter of 2023 included milestone revenue earned from Xencor’s Janssen collaboration

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Period: first quarter ended March 31, 2023
Revenue: $19.0 million
Net income: Net loss for the first quarter ended March 31, 2023 was $60.8 million
EPS: $(1.02) on a fully diluted per share basis
Result: reported results

Exact text from the filing

Based on current operating plans, Xencor expects to have cash to fund research and development programs and operations through the end of 2025.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Period: first quarter ended March 31, 2023
Revenue: $19.0 million
Net income: Net loss for the first quarter ended March 31, 2023 was $60.8 million
EPS: $(1.02) on a fully diluted per share basis
Result: reported results

Exact text from the filing

Revenues for the first quarter ended March 31, 2023 were $19.0 million, compared to $85.5 million for the same period in 2022.

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Xencor Inc filing history →

Source: SEC EDGAR

accession 0001628280-23-016465

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