secwatch.observer — SEC 8-K summary
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Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001628280-23-016465
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/xncr-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-016465

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