Agenus Reports Fourth Quarter and Full Year 2022 Financial Results and Outlines 2023 Objectives
"Agenus has entered 2023 with strong momentum across our extensive and diverse clinical pipeline of immuno-oncology programs.
- "Agenus has entered 2023 with strong momentum across our extensive and diverse clinical pipeline of immuno-oncology programs.
- Fourth Quarter and Full Year 2022 Financial Results:
As of December 31, 2022, we had a cash, cash equivalent and short-term investment balance of $193 million, compared to $218 million and $307 million on September 30, 2022, and December 31, 2021, respectively. - For the fourth quarter ended December 31, 2022, we recognized revenue of $28 million and incurred a net loss of $74 million (including non-cash expenses of $33 million) or $0.24 per share.
- Revenue includes revenue under our collaboration agreements, revenue related to non-cash royalties earned, milestones received, and revenue from Agenus owned CROs.