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NASDAQ:MGNX

MacroGenics Q2 2024 Earnings Report

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$1.49 -0.09 (-5.70%)
Closing price 07/15/2025 04:00 PM Eastern
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$1.56 +0.07 (+4.70%)
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MacroGenics EPS Results

Actual EPS
-$0.89
Consensus EPS
-$0.47
Beat/Miss
Missed by -$0.42
One Year Ago EPS
N/A

MacroGenics Revenue Results

Actual Revenue
$10.80 million
Expected Revenue
$24.14 million
Beat/Miss
Missed by -$13.34 million
YoY Revenue Growth
N/A

MacroGenics Announcement Details

Quarter
Q2 2024
Time
After Market Closes
Conference Call Date
Tuesday, August 6, 2024
Conference Call Time
4:00PM ET

Upcoming Earnings

MacroGenics' Q2 2025 earnings is scheduled for Tuesday, August 5, 2025, with a conference call scheduled on Thursday, August 7, 2025 at 4:00 PM ET. Check back for transcripts, audio, and key financial metrics as they become available.

MacroGenics Earnings Headlines

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About MacroGenics

MacroGenics (NASDAQ:MGNX), headquartered in Rockville, Maryland, is a clinical-stage biopharmaceutical company focused on discovering and developing innovative monoclonal antibody–based therapies for the treatment of cancer. Since its founding in 2000, the company has leveraged its proprietary Dual-Affinity Re-Targeting (DART) platform to engineer multifunctional antibodies designed to direct the immune system against tumor cells. MacroGenics’ research and development efforts emphasize the creation of next-generation immuno-oncology agents, including bispecific antibodies and antibody–drug conjugates, aimed at improving patient outcomes across a range of solid and hematological malignancies.

At the core of MacroGenics’ pipeline is margetuximab, a monoclonal antibody targeting HER2-positive cancers, which has been evaluated in pivotal clinical studies. Beyond margetuximab, the company is advancing multiple DART-based candidates, such as bispecific T-cell engagers that recruit and activate T cells against tumor-associated antigens. In addition, MacroGenics is exploring antibody–drug conjugates that deliver cytotoxic payloads selectively to cancer cells. The company collaborates with larger pharmaceutical partners and research institutions to accelerate development, licensing, and commercialization of its therapeutic candidates worldwide.

MacroGenics operates globally, maintaining strategic partnerships across the United States, Europe, and Asia to facilitate clinical trials and regulatory approvals. The leadership team is helmed by President and Chief Executive Officer Scott Koenig, who brings extensive industry experience in oncology drug development. The company’s management also includes Chief Scientific Officer Derick Mitnaul and Chief Financial Officer Tony Vastola, each contributing specialized expertise in strategic business planning and scientific innovation. Through its integrated approach to antibody engineering and collaborative alliances, MacroGenics aims to deliver transformative cancer therapies to patients in need.

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