Immatics Q1 2024 Earnings Report

Immatics EPS Results

• Actual EPS: -$0.04
• Consensus EPS: -$0.74
• Beat/Miss: Beat by +$0.70
• One Year Ago EPS: N/A

Immatics Revenue Results

• Actual Revenue: $32.87 million
• Expected Revenue: $17.76 million
• Beat/Miss: Beat by +$15.11 million
• YoY Revenue Growth: N/A

Immatics Announcement Details

• Quarter: Q1 2024
• Date: 5/14/2024
• Time: N/A

Immatics (NASDAQ:IMTX) N.V., a clinical-stage biopharmaceutical company, focuses on the research and development of potential T cell redirecting immunotherapies for the treatment of cancer in the United States. The company is developing targeted immunotherapies with a focus on treating solid tumors through two distinct treatment modalities, such as TCR-engineered autologous or allogeneic adoptive cell therapies (ACT) and antibody-like TCR Bispecifics. Its products pipeline includes IMA203 that targets solid tumors, which is in Phase 1b clinical trial; IMA203CD8, a cell therapy product that is in Phase 1b clinical trial; IMA204 that targets tumor stroma, which is in preclinical stage; and IMA30x, an allogenic cellular therapy product candidate, which is in preclinical stage. The company also develops TCR Bispecifics products, including IMA401 and IMA402, which is in Phase 1a clinical trial. The company has a strategic collaboration agreement with MD Anderson Cancer Center to develop multiple T cell and TCR-based adoptive cellular therapies; Celgene Corporation to develop novel adoptive cell therapies targeting multiple cancers; and Genmab A/S to develop T cell engaging bispecific immunotherapies targeting multiple cancer indications. Immatics N.V. is headquartered in Tübingen, Germany.