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MacroGenics Q2 2023 Earnings Report

MacroGenics logo
$3.37 +0.03 (+0.90%)
(As of 12:13 PM ET)

MacroGenics EPS Results

Actual EPS
-$0.36
Consensus EPS
-$0.52
Beat/Miss
Beat by +$0.16
One Year Ago EPS
N/A

MacroGenics Revenue Results

Actual Revenue
$13.14 million
Expected Revenue
$27.06 million
Beat/Miss
Missed by -$13.92 million
YoY Revenue Growth
N/A

MacroGenics Announcement Details

Quarter
Q2 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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MacroGenics Earnings Headlines

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My research indicates there is only one investment that can meet AI's unprecedented demand for energy.
MacroGenics Announces Leadership Transition in Financial Roles
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About MacroGenics

MacroGenics (NASDAQ:MGNX), a biopharmaceutical company, develops, manufactures, and commercializes antibody-based therapeutics to treat cancer in the United States. Its approved product is MARGENZA (margetuximab-cmkb), a human epidermal growth factor receptor 2 (HER2) receptor antagonist indicated, in combination with chemotherapy, for the treatment of adult patients with metastatic HER2-positive breast cancer who have received two or more prior anti-HER2 regimens. The company's pipeline of immuno-oncology product candidates includes MGC018, an antibody drug conjugate (ADC), which targets solid tumors expressing B7-H3; Enoblituzumab, a monoclonal antibody that targets B7-H3; and MGD024, an investigational bispecific CD123 × CD3 DART molecule to minimize cytokine-release syndrome for patients with hematologic malignancies. In addition, it develops Lorigerlimab, a monoclonal antibody that targets the immune checkpoints PD-1 and cytotoxic T-lymphocyte-associated protein 4; Tebotelimab, an investigational tetravalent DART molecule for PD-1 and lymphocyte-activation gene 3; Retifanlimab, a humanized monoclonal antibody targeting programmed death receptor-1; and IMGC936, an ADC that targets ADAM9, a cell surface protein over-expressed in various solid tumor types. Further, the company develops MGD014 and MGD020, a DART molecule to target the envelope protein of human immunodeficiency virus infected cells and CD3 on T cells; Teplizumab for the treatment of type 1 diabetes; and PRV-3279, a CD32B × CD79B DART molecule for the treatment of autoimmune indications. It has collaborations with Incyte Corporation; Zai Lab Limited; I-Mab Biopharma; and Janssen Biotech, Inc. The company was incorporated in 2000 and is headquartered in Rockville, Maryland.

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