View Future GrowthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsIGM Biosciences 과거 순이익 실적과거 기준 점검 0/6IGM Biosciences 의 수입은 연평균 -13.6%의 비율로 감소해 온 반면, Biotechs 산업은 연평균 33.8%의 비율로 증가했습니다. 매출은 연평균 101.6%의 비율로 증가해 왔습니다.핵심 정보-13.58%순이익 성장률0.38%주당순이익(EPS) 성장률Biotechs 산업 성장률17.04%매출 성장률101.56%자기자본이익률-52.89%순이익률-36.80%최근 순이익 업데이트30 Jun 2025최근 과거 실적 업데이트Reported Earnings • Mar 07Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: US$3.24 loss per share (improved from US$4.71 loss in FY 2023). Net loss: US$195.8m (loss narrowed 21% from FY 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 10Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: US$1.01 loss per share (improved from US$1.04 loss in 3Q 2023). Net loss: US$61.4m (flat on 3Q 2023). Revenue exceeded analyst estimates by 113%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: US$0.79 loss per share (improved from US$1.43 loss in 2Q 2023). Net loss: US$47.9m (loss narrowed 26% from 2Q 2023). Revenue missed analyst estimates by 98%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.Reported Earnings • May 09First quarter 2024 earnings released: US$0.83 loss per share (vs US$1.33 loss in 1Q 2023)First quarter 2024 results: US$0.83 loss per share (improved from US$1.33 loss in 1Q 2023). Net loss: US$49.8m (loss narrowed 16% from 1Q 2023). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$4.71 loss per share. Net loss: US$246.4m (loss widened 11% from FY 2022). Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.Reported Earnings • Nov 15Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: US$1.04 loss per share. Net loss: US$62.0m (loss widened 6.8% from 3Q 2022). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US.모든 업데이트 보기Recent updates공시 • Aug 15+ 2 more updatesIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from NASDAQ Composite IndexIGM Biosciences, Inc. has been dropped from the NASDAQ Composite Index .공시 • Aug 14+ 2 more updatesIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell Microcap Growth Benchmark IndexIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell Microcap Growth Benchmark IndexPrice Target Changed • Aug 08Price target decreased by 33% to US$1.12Down from US$1.69, the current price target is an average from 2 analysts. New target price is 12% below last closing price of US$1.27. The company is forecast to post a net loss per share of US$1.65 next year compared to a net loss per share of US$3.24 last year.공시 • Jul 17IGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from NASDAQ Biotechnology IndexIGM Biosciences, Inc. has been dropped from the NASDAQ Biotechnology Index.공시 • Jul 02Concentra Biosciences, LLC agreed to acquire IGM Biosciences, Inc. (NasdaqGS:IGMS) for $76.3 million.Concentra Biosciences, LLC agreed to acquire IGM Biosciences, Inc. (NasdaqGS:IGMS) for $76.3 million on July 1, 2025. A cash consideration valued at $1.247 per share will be paid by Concentra Biosciences, LLC. The consideration consists of contingent value rights of Concentra Biosciences, LLC to be issued for common equity of IGM Biosciences, Inc. As part of consideration, an undisclosed value is paid towards Restricted Stock Units common equity, an undisclosed value is paid towards common equity and an undisclosed value is paid towards options of IGM Biosciences, Inc. In case of termination of transaction, Concentra Biosciences, LLC will pay a termination fee of $0.50 million and IGM will pay a termination fee of $2.42 million. The transaction subjected to IGM shareholders approval and minimum tender. The deal has been unanimously approved by the board. The expected completion of the transaction in August 2025. Pursuant and subject to the terms of the Merger Agreement, Concentra will commence a tender offer by July 16, 2025. Tony Jeffries, Robert Ishii and Ethan Lutske of Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor for IGM Biosciences, Inc. Ryan A. Murr of Gibson, Dunn & Crutcher LLP acted as legal advisor for Concentra Biosciences, LLC.공시 • Jun 30+ 16 more updatesIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell 2000 Growth IndexIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell 2000 Growth Index공시 • Jun 12IGM Biosciences Receives Nasdaq Non-Compliance Notice Regarding MVLS RequirementOn June 6, 2025, IGM Biosciences, Inc. (the Company") received written notice (the Notice") from The Nasdaq Stock Market LLC (Nasdaq") indicating that the Company is no longer in compliance with the minimum Market Value of Listed Securities (MVLS") of $50,000,000 required for continued listing on The Nasdaq Global Select Market, as set in Nasdaq Listing Rule 5450(b)(2)(A) (the MVLS Requirement"). The Notice has no effect at this time on the listing of the Company's common stock (the Common Stock"), which continues to trade on The Nasdaq Global Select Market under the symbol IGMS". In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days, or until December 3, 2025 (the Compliance Date"), to regain compliance with the MVLS Requirement. To regain compliance, the Company's MVLS must close at $50,000,000 or more for a minimum of 10 consecutive business days prior to the Compliance Date. In the event the Company does not regain compliance with the MVLS Requirement prior to the Compliance Date, Nasdaq will notify the Company that its securities are subject to delisting, at which point the Company may appeal the delisting determination to a Nasdaq hearings panel. The Company intends to actively monitor its MVLS and may, if appropriate, consider implementing available options to regain compliance with the MVLS Requirement. The Company may also choose to transfer the listing of its Common Stock to The Nasdaq Capital Market. There can be no assurance that the Company will be able to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A), or maintain compliance with any other listing requirements, or satisfy the requirements necessary to transfer the listing of its Common Stock to The Nasdaq Capital Market.공시 • May 10IGM Biosciences, Inc. Announces Workforce Reduction and Closure of Remaining Lab and Office FacilitiesIGM Biosciences, Inc. announced that in connection with the Agreement termination, the Company implemented an approximately 80% reduction in its remaining workforce and closed most of its remaining lab and office facilities to preserve cash. The Company continues to evaluate potential strategic alternatives and reorganization options.Major Estimate Revision • Apr 09Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$1.50 to -US$1.71 per share. Revenue forecast of US$9.76m unchanged since last update. Biotechs industry in the US expected to see average net income decline 12% next year. Consensus price target down from US$2.18 to US$1.88. Share price fell 14% to US$1.06 over the past week.Major Estimate Revision • Mar 13Consensus revenue estimates increase by 29%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$7.71m to US$9.92m. EPS estimate fell from -US$1.03 to -US$1.29 per share. Biotechs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$3.03 unchanged from last update. Share price fell 7.9% to US$1.29 over the past week.Breakeven Date Change • Mar 08No longer forecast to breakevenThe 5 analysts covering IGM Biosciences no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.33m in 2027. New consensus forecast suggests the company will make a loss of US$2.99m in 2027.Reported Earnings • Mar 07Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: US$3.24 loss per share (improved from US$4.71 loss in FY 2023). Net loss: US$195.8m (loss narrowed 21% from FY 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings.분석 기사 • Feb 12We're Keeping An Eye On IGM Biosciences' (NASDAQ:IGMS) Cash Burn RateThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...New Risk • Jan 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$98.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$3.7m net loss in 3 years). Revenue is less than US$5m (US$2.9m revenue). Market cap is less than US$100m (US$98.7m market cap).Breakeven Date Change • Jan 12Forecast to breakeven in 2027The 10 analysts covering IGM Biosciences expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$5.54m in 2027. Average annual earnings growth of 69% is required to achieve expected profit on schedule.Price Target Changed • Jan 10Price target decreased by 36% to US$12.50Down from US$19.40, the current price target is an average from 10 analysts. New target price is 498% above last closing price of US$2.09. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$3.43 next year compared to a net loss per share of US$4.71 last year.Seeking Alpha • Jan 10IGM Biosciences Stock: Bad News With No Turnaround In SightSummary IGM Biosciences has halted all oncology programs and faces a significant pipeline upheaval, leading to a greater-than-50% drop in share price. Despite holding substantial liquid assets and a collaboration with Sanofi, IGMS currently has no active pipeline candidates, raising concerns about future prospects. With a 73% workforce reduction and no clear direction, IGM Biosciences appears to be burning cash without any near-term developmental biotech activities. Given the lack of pipeline and high downside risk, I maintain a "Sell" rating on IGMS stock, as there's no compelling reason to invest at this time. Read the full article on Seeking Alpha공시 • Jan 10IGM Biosciences, Inc. Provides Strategic Update on Autoimmunity Pipeline ProgramsIGM Biosciences, Inc. announced a strategic update to halt further development of imvotamab, an IgM-based CD20 X CD3 bispecific antibody T cell engager, and IGM-2644, an IgM-basedCD38 X CD3 bispecific antibodies T cell engager, for autoimmune diseases. Interim data from the Phase 1b studies of imvotamab in rheumatoid arthritis and systemic lupus erythematosus show that the depth and consistency of B cell depletion is insufficient to meet high bar for success. The Company is currently evaluating internal options as well as potential strategic alternatives with the goal of maximizing value for its shareholders. While this internal evaluation and strategic exploration are ongoing, the Company is immediately taking steps, including an approximately 73% reduction in force, to preserve cash.Major Estimate Revision • Nov 15Consensus revenue estimates increase by 16%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$2.17m to US$2.52m. EPS estimate fell from -US$3.16 to -US$3.44 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target broadly unchanged at US$19.60. Share price fell 30% to US$10.10 over the past week.Reported Earnings • Nov 10Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: US$1.01 loss per share (improved from US$1.04 loss in 3Q 2023). Net loss: US$61.4m (flat on 3Q 2023). Revenue exceeded analyst estimates by 113%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.분석 기사 • Oct 08We're Not Very Worried About IGM Biosciences' (NASDAQ:IGMS) Cash Burn RateJust because a business does not make any money, does not mean that the stock will go down. Indeed, IGM Biosciences...Major Estimate Revision • Oct 02Consensus revenue estimates decrease by 74%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$8.30m to US$2.17m. EPS estimate unchanged at -US$3.16 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target down from US$21.80 to US$19.10. Share price fell 12% to US$14.40 over the past week.Price Target Changed • Oct 01Price target decreased by 13% to US$19.10Down from US$21.90, the current price target is an average from 10 analysts. New target price is 32% above last closing price of US$14.50. Stock is up 116% over the past year. The company is forecast to post a net loss per share of US$3.16 next year compared to a net loss per share of US$4.71 last year.공시 • Oct 01+ 2 more updatesIGM Biosciences, Inc. Announces Chief Executive Officer ChangesIGM Biosciences, Inc. announced that Mary Beth Harler, M.D. has been appointed as chief executive officer. Dr. Harler joined IGM in 2021 as President, Autoimmunity and Inflammation following an 11-year career at Bristol Myers Squibb. At Bristol Myers Squibb, Dr. Harler served as Senior Vice President, Head of Immunology and Fibrosis Development, where she successfully led a team of global professionals and oversaw late-stage development of innovative therapies such as SOTYKTU®, ORENCIA® and ZEPOSIA®. Dr. Harler trained as a general surgeon at Brown University’s Rhode Island Hospital. As part of the company’s strategic pivot to autoimmunity, Fred Schwarzer, chief executive officer will step down from their current role at the company. Mr. Schwarzer is expected to remain as consultant.Seeking Alpha • Sep 18IGM Biosciences: Waiting For GodotSummary Today, we are revisiting with clinical stage biotech concern IGM Biosciences, Inc. for the first time since 2020. IGM Biosciences has a unique approach with IgM antibodies targeting numerous cancer and autoimmune diseases with large potential markets. The company also has a collaboration deal with drug giant Sanofi inked in 2022 and its stock has almost doubled in 2024 year to date. An updated analysis around IGM Biosciences follows in the paragraphs below. Read the full article on Seeking AlphaMajor Estimate Revision • Sep 06Consensus revenue estimates increase by 281%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.18m to US$8.30m. Forecast losses expected to reduce from -US$3.26 to -US$3.13 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target broadly unchanged at US$21.44. Share price was steady at US$10.25 over the past week.Major Estimate Revision • Aug 21Consensus revenue estimates fall by 95%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$45.8m to US$2.20m. Forecast losses increased from -US$2.66 to -US$3.23 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target broadly unchanged at US$21.67. Share price rose 12% to US$9.94 over the past week.Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: US$0.79 loss per share (improved from US$1.43 loss in 2Q 2023). Net loss: US$47.9m (loss narrowed 26% from 2Q 2023). Revenue missed analyst estimates by 98%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.공시 • Aug 15+ 1 more updateIGM Biosciences, Inc. Provides Pipeline UpdatesIGM Biosciences, Inc. provided an update on recent developments. Pipeline Updates: Aplitabart (death receptor 5 agonist) - Clinical development of aplitabart advances. Enrollment completed in randomized colorectal cancer clinical trial. The Company announced that it has completed enrollment in its randomized clinical trial of 3 mg/kg of aplitabart plus FOLFIRI and bevacizumab in second-line metastatic colorectal cancer. A total of 127 patients, exceeding the trial design target of 110 patients, were enrolled across multiple clinical trial sites in the United States, Asia and Europe. This randomized trial is designed to assess the benefit of 3 mg/kg of aplitabart when administered in combination with FOLFIRI and bevacizumab compared to the current standard of care treatment of FOLFIRI and bevacizumab, with a primary endpoint of progression-free survival (PFS). The release of data from this randomized clinical trial will depend on the timing of PFS events in both the control and the experimental arms of this study. Based on its assumptions as to the timing of PFS events, the Company expects to be able to release top-line PFS results from this study by the end of the first quarter of 2025. Imvotamab (CD20 x CD3 T cell engager) - Clinical development of imvotamab in autoimmune diseases advances. First and second dose cohorts in rheumatoid arthritis successfully completed. The Company announced that it has cleared both the first and second dose cohorts of its placebo-controlled clinical study testing imvotamab in severe rheumatoid arthritis and is currently enrolling the third cohort. This study is designed to evaluate three cohorts of progressively higher dose regimens of imvotamab, with each cohort designed to recruit eight patients, six of whom receive imvotamab and two of whom receive placebo. First dose cohort in systemic lupus erythematosus successfully completed. The Company announced that it has cleared the first dose cohort of its open-label clinical study testing imvotamab in severe systemic lupus erythematosus (SLE), with each dose cohort designed to recruit six patients, all of whom are to be treated with imvotamab. The Company is currently enrolling patients in a second dose cohort and plans to enroll a third dose cohort, with each cohort at progressively higher dose regimens of imvotamab. Enrollment initiated in myositis. The Company has initiated recruitment of patients in its single arm, open-label clinical study testing imvotamab in moderate-severe idiopathic inflammatory myopathies (myositis). IGM-2644 (CD38 x CD3 T cell engager): Clinical development of IGM-2644 in autoimmune diseases to be initiated. The Company has made significant progress towards initiating clinical development of IGM-2644, a CD38 x CD3 T cell engager antibody, in the treatment of autoimmune diseases. The Company currently expects to begin enrolling patients in a single arm, open-label clinical study testing IGM-2644 in generalized myasthenia gravis (gMG) by the end of 2024.Recent Insider Transactions Derivative • Jul 28Independent Director notifies of intention to sell stockJulie Hambleton intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of July. If the sale is conducted around the recent share price of US$13.95, it would amount to US$211k. Since March 2024, Julie has owned 2.00k shares directly. Company insiders have collectively sold US$576k more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • May 26Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$39.8m to US$45.8m. Forecast losses expected to reduce from -US$2.78 to -US$2.66 per share. Biotechs industry in the US expected to see average net income decline 11% next year. Consensus price target of US$21.40 unchanged from last update. Share price rose 3.6% to US$9.55 over the past week.Major Estimate Revision • May 15Consensus revenue estimates increase by 1,210%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$3.04m to US$39.8m. Forecast losses expected to reduce from -US$3.25 to -US$2.78 per share. Biotechs industry in the US expected to see average net income decline 9.7% next year. Consensus price target broadly unchanged at US$21.40. Share price was steady at US$9.49 over the past week.Seeking Alpha • May 12IGM Biosciences: Unlikely To Move The Needle Again In 2024Summary IGM Biosciences is developing a different class of antibodies to improve on the classic IgG antibodies. Their most advanced project, aplitabart, is being tested in a clinical trial for metastatic colorectal cancer. The company has a decent cash position but faces risks in the high-risk disease area and uncertainty in its collaboration with Sanofi. Read the full article on Seeking AlphaReported Earnings • May 09First quarter 2024 earnings released: US$0.83 loss per share (vs US$1.33 loss in 1Q 2023)First quarter 2024 results: US$0.83 loss per share (improved from US$1.33 loss in 1Q 2023). Net loss: US$49.8m (loss narrowed 16% from 1Q 2023). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.공시 • May 09IGM Biosciences, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2024IGM Biosciences, Inc. provided revenue guidance for the second quarter and full year 2024. Collaboration revenue of $62 million is expected to be recognized in the second quarter of 2024. The Company expects to recognize full year collaboration revenue of approximately $63 million.분석 기사 • Apr 28Is IGM Biosciences (NASDAQ:IGMS) In A Good Position To Invest In Growth?We can readily understand why investors are attracted to unprofitable companies. For example, although...공시 • Apr 28IGM Biosciences, Inc., Annual General Meeting, Jun 11, 2024IGM Biosciences, Inc., Annual General Meeting, Jun 11, 2024, at 08:00 Pacific Standard Time. Agenda: To elect three Class II directors to serve until the 2027 annual meeting of stockholders or until their successors are duly elected and qualified; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the company's fiscal year ending December 31, 2024; to approve an amendment to the company's amended and restated certificate of incorporation to limit the liability of certain officers as permitted by Delaware law; to approve a stock option exchange program for employees (excluding the company's chief executive officer and nonemployee directors); and to transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof.New Risk • Apr 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$211m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). Significant insider selling over the past 3 months (US$282k sold). Revenue is less than US$5m (US$2.1m revenue).Recent Insider Transactions • Mar 18CEO, President & Director recently sold US$90k worth of stockOn the 14th of March, Fred Schwarzer sold around 9k shares on-market at roughly US$10.01 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Fred has been a net seller over the last 12 months, reducing personal holdings by US$213k.Major Estimate Revision • Mar 15Consensus EPS estimates upgraded to US$3.26 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$3.88 to -US$3.26 per share. Revenue forecast unchanged from US$3.04m at last update. Biotechs industry in the US expected to see average net income decline 8.3% next year. Consensus price target up from US$20.60 to US$21.50. Share price fell 16% to US$10.20 over the past week.Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$4.71 loss per share. Net loss: US$246.4m (loss widened 11% from FY 2022). Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.Board Change • Mar 05Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Director Elizabeth Thompson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • Feb 12IGM Biosciences: Imvotamab Data 2nd Half Of 2024 With Other Inflection PointsSummary IGM Biosciences, Inc. is conducting phase 1b studies for imvotamab in patients with severe systemic lupus erythematosus and rheumatoid arthritis, with initial results expected in the second half of 2024. The global lupus market is projected to grow to $6.78 billion by 2032 and the global Rheumatoid Arthritis drugs market size is projected to reach $38.61 billion by 2032. Two ongoing studies, one single-arm and one randomized, using Aplitabart for the treatment of patients with 2nd-line metastatic colorectal cancer, expected in the 2nd half of 2024. The global colorectal cancer market is expected to reach $24.08 billion by 2028. Read the full article on Seeking Alpha공시 • Dec 06+ 1 more updateIgm Biosciences, Inc. to Reduce its Workforce by Approximately 22%IGM Biosciences, Inc. will be reducing its workforce by approximately 22%. As a result of these actions, the company expected to extend its cash runway into the second quarter of 2026.Major Estimate Revision • Nov 20Consensus revenue estimates decrease by 13%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$2.71m to US$2.36m. EPS estimate increased from -US$5.29 to -US$4.93 per share. Biotechs industry in the US expected to see average net income growth of 10% next year. Consensus price target down from US$22.60 to US$20.60. Share price rose 29% to US$6.01 over the past week.분석 기사 • Nov 20We Think IGM Biosciences (NASDAQ:IGMS) Needs To Drive Business Growth CarefullyThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...Reported Earnings • Nov 15Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: US$1.04 loss per share. Net loss: US$62.0m (loss widened 6.8% from 3Q 2022). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US.New Risk • Oct 29New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Revenue is less than US$5m (US$1.7m revenue).공시 • Oct 05IGM Biosciences, Inc. Announces Board ChangesIGM Biosciences, Inc. announced that Michael Loberg, Ph.D. has retired from its Board of Directors, including as Chairman, effective October 3, 2023. Dr. Loberg has served as a member of the IGM Biosciences Board of Directors since 2015 and as Chairman of the Board since 2018. IGM Biosciences announced the appointment of Elizabeth H.Z. Thompson, Ph.D. to its Board of Directors. Dr. Thompson is an accomplished drug development professional who has been involved in the development of important marketed medicines, most recently as the Executive Vice President of Research and Development at Horizon Therapeutics. Dr. Thompson currently serves as Executive Vice President of Research and Development at Horizon Therapeutics. She is also a member of the board of California Life Sciences, an influential life sciences membership organization. At Horizon, Dr. Thompson is responsible for overseeing all research and development activities across the company's preclinical, clinical and marketed products. She played an important role in the acquisition and integration of Viela Bio as well as the expedited filing and approval of TEPEZZA®, along with its successful FDA Advisory Committee meeting. Dr. Thompson previously served as a Group Scientific Director in pharmaceutical development at AbbVie, acting as clinical lead and supporting global submissions and approvals for SKYRIZI®. She previously held positions across the clinical development, business development and medical communications fields as Search and Evaluation Lead at Raptor Pharmaceuticals, Head of Scientific Communications and Publications at InterMune and Development Clinical Director and Licensing Director at Amgen. Dr. Thompson holds a Ph.D. in Macromolecular and Cellular Structure and Chemistry from the Scripps Research Institute and a B.S. in Chemistry from Harvey Mudd College.Price Target Changed • Aug 04Price target decreased by 7.8% to US$30.09Down from US$32.64, the current price target is an average from 11 analysts. New target price is 232% above last closing price of US$9.06. Stock is down 52% over the past year. The company is forecast to post a net loss per share of US$5.57 next year compared to a net loss per share of US$5.32 last year.New Risk • Jun 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 37% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$260m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Significant insider selling over the past 3 months (US$90k sold). Revenue is less than US$5m (US$1.6m revenue).공시 • Jun 23IGM Biosciences, Inc. announced a financing transactionIGM Biosciences, Inc. announced that it will raise an equity round of funding on June 21, 2023. The company will issue non-voting common shares in the transaction.공시 • Jun 01IGM Biosciences, Inc. Announces FDA Clearance to Begin Clinical Studies of Imvotamab in Lupus and Rheumatoid ArthritisIGM Biosciences, Inc. announced that the U.S. Food and Drug Administration (FDA) has cleared two Investigational New Drug (IND) applications for imvotamab, an IgM-based CD20 X CD3 bispecific antibody T cell engager, enabling the initiation of Phase 1b studies in both severe systemic lupuserythematosus (SLE) and severe rheumatoid arthritis (RA). The Company plans to begin patient enrollment in both multicenter clinical studies in the third quarter of 2023. The data from non-Hodgkin's lymphoma clinical studies indicate that imvotamab can deplete CD20 expressing B cells, even rapidly growing lymphomacells, with a favorable safety profile as compared with other T cell engaging CD20 x CD3 antibodies. Emerging data with cell-based therapies suggest that deep B cell depletion may have the potential to reset the immune system in patients with certain autoimmune diseases. Imvotamab has also demonstrated in preclinical in vitro studies that it can be more effective in depleting B cells with low levels of CD20 expression as compared to rituximab.Major Estimate Revision • May 19Consensus revenue estimates decrease by 43%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$5.42m to US$3.09m. EPS estimate increased from -US$5.94 to -US$5.82 per share. Biotechs industry in the US expected to see average net income decline 81% next year. Consensus price target down from US$32.64 to US$30.45. Share price fell 13% to US$11.27 over the past week.분석 기사 • May 10We're Not Worried About IGM Biosciences' (NASDAQ:IGMS) Cash BurnJust because a business does not make any money, does not mean that the stock will go down. For example, although...Major Estimate Revision • Apr 06Consensus revenue estimates decrease by 50%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$10.9m to US$5.42m. EPS estimate unchanged at -US$5.94 per share. Biotechs industry in the US expected to see average net income decline 50% next year. Consensus price target down from US$39.27 to US$32.64. Share price fell 34% to US$11.27 over the past week.Price Target Changed • Apr 04Price target decreased by 17% to US$32.64Down from US$39.27, the current price target is an average from 11 analysts. New target price is 133% above last closing price of US$14.00. Stock is down 39% over the past year. The company is forecast to post a net loss per share of US$5.94 next year compared to a net loss per share of US$5.32 last year.공시 • Jan 18IGM Biosciences Initiates First-In-Human Clinical Trial of Igm-7354 in Solid TumorsIGM Biosciences, Inc. announced that the first patient has been dosed in its Phase 1 clinical trial evaluating IGM-7354, a targeted IL-15/IL-15R IgM antibody whichcould potentially be used for the treatment of patients with solid and hematologic malignancies. The multicenter, open-label, dose escalation Phase 1 clinical trial will evaluate IGM-7354 intravenously administered as a monotherapy in patients with relapsed and/or refractory solid tumor cancers. The key objectives of this trial are to provide an initial assessment of pharmacokinetics, safety and immune cell proliferation. If IGM-7354 shows an encouraging safety profile and significant increases in T cells and natural killer (NK) cells in this clinical trial, the Company may begin combination studies of IGM-7354 with T cell engaging antibodies in 2024. The Company may also decide to pursue combination studies with CAR-T or CAR-NK cells with a partner.공시 • Jan 10IGM Biosciences Announces Update on Igm-8444 Phase 1 Trial and Future Clinical DevelopmentIGM Biosciences, Inc. announced an update on its clinical development program for IGM-8444, a novel multivalent DR5 agonist, and announced plans for a new randomized combination trial in patients with metastatic colorectal cancer. Initial Phase 1 data reported from a cohort of patients with combination treatment of IGM-8444 and FOLFIRI showed an encouraging safety profile which was broadly comparable to that expected from chemotherapy alone in this setting. Specifically, there was no drug related clinically significant hepatotoxicity, with only grade 1 and grade 2 transient liver enzyme elevations observed. In patients with metastatic colorectal cancer, the combination of IGM-8444 and FOLFIRI showed promising activity, with multiple confirmed responses observed even in patients who had previously progressed on FOLFIRI. In 13 metastatic patients treated with doses of IGM-8444 from 1 to 10 mg/kg plus standard doses of FOLFIRI chemotherapy, there were four responses observed (three confirmed at 3mg/kg), and one additional patient had substantial tumor shrinkage allowing for subsequent complete surgical resection. Responses occurred in patients with KRAS wild type and mutated tumors and in patients with or without liver metastases. The majority of patients were on their third line of treatment or beyond and 10 of the 13 patients had previously been treated with FOLFIRI chemotherapy. Median progression free survival (PFS) among nine 3L+ patients was 5.5 months, with the longest observed PFS extending beyond 12 months.분석 기사 • Jan 05Here's Why We're Not At All Concerned With IGM Biosciences' (NASDAQ:IGMS) Cash Burn SituationThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...Recent Insider Transactions • Dec 22CEO, President & Director recently sold US$235k worth of stockOn the 16th of December, Fred Schwarzer sold around 12k shares on-market at roughly US$18.98 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Fred has been a net seller over the last 12 months, reducing personal holdings by US$285k.Recent Insider Transactions Derivative • Dec 19CEO, President & Director notifies of intention to sell stockFred Schwarzer intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of December. If the sale is conducted around the recent share price of US$19.12, it would amount to US$262k. For the year to December 2018, Fred's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2022, Fred's direct individual holding has increased from 198.65k shares to 201.45k. Company insiders have collectively bought US$1.5m more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions • Nov 16Independent Director recently bought US$1.0m worth of stockOn the 8th of November, M. Behrens bought around 60k shares on-market at roughly US$17.14 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.4m more in shares than they have sold in the last 12 months.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Independent Director Felix Baker was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Nov 12Independent Director recently bought US$1.0m worth of stockOn the 8th of November, M. Behrens bought around 60k shares on-market at roughly US$17.14 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.4m more in shares than they have sold in the last 12 months.Recent Insider Transactions Derivative • Oct 08Chief Scientific Officer exercised options and sold US$548k worth of stockOn the 4th of October, Bruce Keyt exercised 25k options at a strike price of around US$0.93 and sold these shares for an average price of US$22.84 per share. This trade did not impact their existing holding. Since December 2021, Bruce's direct individual holding has increased from 4.21k shares to 6.18k. Company insiders have collectively bought US$479k more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions • Oct 01Independent Chairman of the Board recently bought US$140k worth of stockOn the 28th of September, Michael Loberg bought around 7k shares on-market at roughly US$20.89 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of US$640k worth in shares.분석 기사 • Sep 23IGM Biosciences (NASDAQ:IGMS) Is In A Strong Position To Grow Its BusinessThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...Recent Insider Transactions Derivative • Sep 10Chief Scientific Officer exercised options and sold US$460k worth of stockOn the 8th of September, Bruce Keyt exercised 25k options at a strike price of around US$0.93 and sold these shares for an average price of US$19.34 per share. This trade did not impact their existing holding. Since December 2021, Bruce's direct individual holding has increased from 4.21k shares to 6.18k. Company insiders have collectively bought US$613k more than they sold, via options and on-market transactions, in the last 12 months.Seeking Alpha • Aug 29IGM Biosciences started at BofA Securities with a buy on IgM antibody candidatesBofA Securities has initiated IGM Biosciences (NASDAQ:IGMS) with a buy on advantages the company's IgM antibodies in development have over existing antibody therapies. The firm has a $34 price target on shares (~79% upside based on Monday's close). Analyst Geoff Meacham said that IgM antibodies could have better efficacy compared ot the IgG antibodies used in other therapeutics due to additional binding units that can strongly bind to difficult targets. He noted that IGM's (IGMS) lead candidate, imvotamab, has demonstrated positive phase 1 data in B cell non-Hodgkin’s lymphoma. A separate study of the asset in diffuse large B-cell lymphoma and follicular lymphoma. Meacham added that a relationship with Sanofi (SNY) announced in March could earn the IGM (IGMS) more than $6B in milestone payment and also affirms the company's intellectual property. Seeking Alpha's Quant Rating views IGM as a hold with strong grades for growth and momentum.Recent Insider Transactions Derivative • Aug 24Chief Scientific Officer exercised options and sold US$531k worth of stockOn the 22nd of August, Bruce Keyt exercised 25k options at a strike price of around US$0.93 and sold these shares for an average price of US$22.17 per share. This trade did not impact their existing holding. Since September 2021, Bruce's direct individual holding has increased from 4.07k shares to 6.18k. Company insiders have collectively bought US$897k more than they sold, via options and on-market transactions, in the last 12 months.Price Target Changed • Aug 23Price target decreased to US$43.78Down from US$49.56, the current price target is an average from 7 analysts. New target price is 122% above last closing price of US$19.69. Stock is down 73% over the past year. The company is forecast to post a net loss per share of US$5.77 next year compared to a net loss per share of US$4.93 last year.Major Estimate Revision • Aug 15Consensus revenue estimates fall by 98%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$41.7m to US$840.0k. Forecast losses increased from -US$4.79 to -US$5.77 per share. Biotechs industry in the US expected to see average net income decline 77% next year. Consensus price target down from US$49.56 to US$47.89. Share price rose 30% to US$27.01 over the past week.Seeking Alpha • Aug 08IGM Biosciences GAAP EPS of -$1.33 misses by $0.93, revenue of $0.4MIGM Biosciences press release (NASDAQ:IGMS): Q2 GAAP EPS of -$1.33 misses by $0.93. Revenue of $0.4M. Cash and investments as of June 30, 2022 were $513.2 million, compared to $229.5 million as of December 31, 2021. IGM expects to end 2022 with a balance of approximately $400 million in cash and investments. IGM estimates full year collaboration revenue of approximately $1 million related to the Sanofi agreement. IGM reiterates its previously issued financial guidance expecting full year GAAP operating expenses of $250 million to $260 million including estimated non-cash stock-based compensation expense of approximately $50 million. Shares -1.78%.매출 및 비용 세부 내역IGM Biosciences가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqGS:IGMS 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Jun 25145-5340-5631 Mar 253-19942031 Dec 243-19642030 Sep 243-220517730 Jun 243-220457731 Mar 242-23748031 Dec 232-24650030 Sep 232-23850030 Jun 232-23450031 Mar 232-22950031 Dec 221-22150030 Sep 221-21950030 Jun 220-20547031 Mar 220-18543-2431 Dec 210-16538030 Sep 210-139322030 Jun 210-115273531 Mar 210-95227431 Dec 200-8118030 Sep 200-72165830 Jun 200-61145131 Mar 200-53124431 Dec 190-4393530 Sep 190-3773030 Jun 190-3462731 Mar 190-2752231 Dec 180-23419양질의 수익: IGMS 은(는) 현재 수익성이 없습니다.이익 마진 증가: IGMS는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: IGMS은 수익성이 없으며 지난 5년 동안 손실이 연평균 13.6% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 IGMS의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: IGMS은 수익성이 없어 지난 해 수익 성장률을 Biotechs 업계(43%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: IGMS는 현재 수익성이 없으므로 자본 수익률이 음수(-52.89%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YPharmaceuticals-biotech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/08/15 07:16종가2025/08/13 00:00수익2025/06/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스IGM Biosciences, Inc.는 6명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael SchmidtGuggenheim Securities, LLCBiren AminJefferies LLCRoger SongJefferies LLC3명의 분석가 더 보기
Reported Earnings • Mar 07Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: US$3.24 loss per share (improved from US$4.71 loss in FY 2023). Net loss: US$195.8m (loss narrowed 21% from FY 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 10Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: US$1.01 loss per share (improved from US$1.04 loss in 3Q 2023). Net loss: US$61.4m (flat on 3Q 2023). Revenue exceeded analyst estimates by 113%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: US$0.79 loss per share (improved from US$1.43 loss in 2Q 2023). Net loss: US$47.9m (loss narrowed 26% from 2Q 2023). Revenue missed analyst estimates by 98%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.
Reported Earnings • May 09First quarter 2024 earnings released: US$0.83 loss per share (vs US$1.33 loss in 1Q 2023)First quarter 2024 results: US$0.83 loss per share (improved from US$1.33 loss in 1Q 2023). Net loss: US$49.8m (loss narrowed 16% from 1Q 2023). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$4.71 loss per share. Net loss: US$246.4m (loss widened 11% from FY 2022). Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Reported Earnings • Nov 15Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: US$1.04 loss per share. Net loss: US$62.0m (loss widened 6.8% from 3Q 2022). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US.
공시 • Aug 15+ 2 more updatesIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from NASDAQ Composite IndexIGM Biosciences, Inc. has been dropped from the NASDAQ Composite Index .
공시 • Aug 14+ 2 more updatesIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell Microcap Growth Benchmark IndexIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell Microcap Growth Benchmark Index
Price Target Changed • Aug 08Price target decreased by 33% to US$1.12Down from US$1.69, the current price target is an average from 2 analysts. New target price is 12% below last closing price of US$1.27. The company is forecast to post a net loss per share of US$1.65 next year compared to a net loss per share of US$3.24 last year.
공시 • Jul 17IGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from NASDAQ Biotechnology IndexIGM Biosciences, Inc. has been dropped from the NASDAQ Biotechnology Index.
공시 • Jul 02Concentra Biosciences, LLC agreed to acquire IGM Biosciences, Inc. (NasdaqGS:IGMS) for $76.3 million.Concentra Biosciences, LLC agreed to acquire IGM Biosciences, Inc. (NasdaqGS:IGMS) for $76.3 million on July 1, 2025. A cash consideration valued at $1.247 per share will be paid by Concentra Biosciences, LLC. The consideration consists of contingent value rights of Concentra Biosciences, LLC to be issued for common equity of IGM Biosciences, Inc. As part of consideration, an undisclosed value is paid towards Restricted Stock Units common equity, an undisclosed value is paid towards common equity and an undisclosed value is paid towards options of IGM Biosciences, Inc. In case of termination of transaction, Concentra Biosciences, LLC will pay a termination fee of $0.50 million and IGM will pay a termination fee of $2.42 million. The transaction subjected to IGM shareholders approval and minimum tender. The deal has been unanimously approved by the board. The expected completion of the transaction in August 2025. Pursuant and subject to the terms of the Merger Agreement, Concentra will commence a tender offer by July 16, 2025. Tony Jeffries, Robert Ishii and Ethan Lutske of Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor for IGM Biosciences, Inc. Ryan A. Murr of Gibson, Dunn & Crutcher LLP acted as legal advisor for Concentra Biosciences, LLC.
공시 • Jun 30+ 16 more updatesIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell 2000 Growth IndexIGM Biosciences, Inc.(NasdaqGS:IGMS) dropped from Russell 2000 Growth Index
공시 • Jun 12IGM Biosciences Receives Nasdaq Non-Compliance Notice Regarding MVLS RequirementOn June 6, 2025, IGM Biosciences, Inc. (the Company") received written notice (the Notice") from The Nasdaq Stock Market LLC (Nasdaq") indicating that the Company is no longer in compliance with the minimum Market Value of Listed Securities (MVLS") of $50,000,000 required for continued listing on The Nasdaq Global Select Market, as set in Nasdaq Listing Rule 5450(b)(2)(A) (the MVLS Requirement"). The Notice has no effect at this time on the listing of the Company's common stock (the Common Stock"), which continues to trade on The Nasdaq Global Select Market under the symbol IGMS". In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days, or until December 3, 2025 (the Compliance Date"), to regain compliance with the MVLS Requirement. To regain compliance, the Company's MVLS must close at $50,000,000 or more for a minimum of 10 consecutive business days prior to the Compliance Date. In the event the Company does not regain compliance with the MVLS Requirement prior to the Compliance Date, Nasdaq will notify the Company that its securities are subject to delisting, at which point the Company may appeal the delisting determination to a Nasdaq hearings panel. The Company intends to actively monitor its MVLS and may, if appropriate, consider implementing available options to regain compliance with the MVLS Requirement. The Company may also choose to transfer the listing of its Common Stock to The Nasdaq Capital Market. There can be no assurance that the Company will be able to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A), or maintain compliance with any other listing requirements, or satisfy the requirements necessary to transfer the listing of its Common Stock to The Nasdaq Capital Market.
공시 • May 10IGM Biosciences, Inc. Announces Workforce Reduction and Closure of Remaining Lab and Office FacilitiesIGM Biosciences, Inc. announced that in connection with the Agreement termination, the Company implemented an approximately 80% reduction in its remaining workforce and closed most of its remaining lab and office facilities to preserve cash. The Company continues to evaluate potential strategic alternatives and reorganization options.
Major Estimate Revision • Apr 09Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$1.50 to -US$1.71 per share. Revenue forecast of US$9.76m unchanged since last update. Biotechs industry in the US expected to see average net income decline 12% next year. Consensus price target down from US$2.18 to US$1.88. Share price fell 14% to US$1.06 over the past week.
Major Estimate Revision • Mar 13Consensus revenue estimates increase by 29%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$7.71m to US$9.92m. EPS estimate fell from -US$1.03 to -US$1.29 per share. Biotechs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$3.03 unchanged from last update. Share price fell 7.9% to US$1.29 over the past week.
Breakeven Date Change • Mar 08No longer forecast to breakevenThe 5 analysts covering IGM Biosciences no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.33m in 2027. New consensus forecast suggests the company will make a loss of US$2.99m in 2027.
Reported Earnings • Mar 07Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: US$3.24 loss per share (improved from US$4.71 loss in FY 2023). Net loss: US$195.8m (loss narrowed 21% from FY 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings.
분석 기사 • Feb 12We're Keeping An Eye On IGM Biosciences' (NASDAQ:IGMS) Cash Burn RateThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
New Risk • Jan 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$98.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$3.7m net loss in 3 years). Revenue is less than US$5m (US$2.9m revenue). Market cap is less than US$100m (US$98.7m market cap).
Breakeven Date Change • Jan 12Forecast to breakeven in 2027The 10 analysts covering IGM Biosciences expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$5.54m in 2027. Average annual earnings growth of 69% is required to achieve expected profit on schedule.
Price Target Changed • Jan 10Price target decreased by 36% to US$12.50Down from US$19.40, the current price target is an average from 10 analysts. New target price is 498% above last closing price of US$2.09. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$3.43 next year compared to a net loss per share of US$4.71 last year.
Seeking Alpha • Jan 10IGM Biosciences Stock: Bad News With No Turnaround In SightSummary IGM Biosciences has halted all oncology programs and faces a significant pipeline upheaval, leading to a greater-than-50% drop in share price. Despite holding substantial liquid assets and a collaboration with Sanofi, IGMS currently has no active pipeline candidates, raising concerns about future prospects. With a 73% workforce reduction and no clear direction, IGM Biosciences appears to be burning cash without any near-term developmental biotech activities. Given the lack of pipeline and high downside risk, I maintain a "Sell" rating on IGMS stock, as there's no compelling reason to invest at this time. Read the full article on Seeking Alpha
공시 • Jan 10IGM Biosciences, Inc. Provides Strategic Update on Autoimmunity Pipeline ProgramsIGM Biosciences, Inc. announced a strategic update to halt further development of imvotamab, an IgM-based CD20 X CD3 bispecific antibody T cell engager, and IGM-2644, an IgM-basedCD38 X CD3 bispecific antibodies T cell engager, for autoimmune diseases. Interim data from the Phase 1b studies of imvotamab in rheumatoid arthritis and systemic lupus erythematosus show that the depth and consistency of B cell depletion is insufficient to meet high bar for success. The Company is currently evaluating internal options as well as potential strategic alternatives with the goal of maximizing value for its shareholders. While this internal evaluation and strategic exploration are ongoing, the Company is immediately taking steps, including an approximately 73% reduction in force, to preserve cash.
Major Estimate Revision • Nov 15Consensus revenue estimates increase by 16%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$2.17m to US$2.52m. EPS estimate fell from -US$3.16 to -US$3.44 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target broadly unchanged at US$19.60. Share price fell 30% to US$10.10 over the past week.
Reported Earnings • Nov 10Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: US$1.01 loss per share (improved from US$1.04 loss in 3Q 2023). Net loss: US$61.4m (flat on 3Q 2023). Revenue exceeded analyst estimates by 113%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.
분석 기사 • Oct 08We're Not Very Worried About IGM Biosciences' (NASDAQ:IGMS) Cash Burn RateJust because a business does not make any money, does not mean that the stock will go down. Indeed, IGM Biosciences...
Major Estimate Revision • Oct 02Consensus revenue estimates decrease by 74%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$8.30m to US$2.17m. EPS estimate unchanged at -US$3.16 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target down from US$21.80 to US$19.10. Share price fell 12% to US$14.40 over the past week.
Price Target Changed • Oct 01Price target decreased by 13% to US$19.10Down from US$21.90, the current price target is an average from 10 analysts. New target price is 32% above last closing price of US$14.50. Stock is up 116% over the past year. The company is forecast to post a net loss per share of US$3.16 next year compared to a net loss per share of US$4.71 last year.
공시 • Oct 01+ 2 more updatesIGM Biosciences, Inc. Announces Chief Executive Officer ChangesIGM Biosciences, Inc. announced that Mary Beth Harler, M.D. has been appointed as chief executive officer. Dr. Harler joined IGM in 2021 as President, Autoimmunity and Inflammation following an 11-year career at Bristol Myers Squibb. At Bristol Myers Squibb, Dr. Harler served as Senior Vice President, Head of Immunology and Fibrosis Development, where she successfully led a team of global professionals and oversaw late-stage development of innovative therapies such as SOTYKTU®, ORENCIA® and ZEPOSIA®. Dr. Harler trained as a general surgeon at Brown University’s Rhode Island Hospital. As part of the company’s strategic pivot to autoimmunity, Fred Schwarzer, chief executive officer will step down from their current role at the company. Mr. Schwarzer is expected to remain as consultant.
Seeking Alpha • Sep 18IGM Biosciences: Waiting For GodotSummary Today, we are revisiting with clinical stage biotech concern IGM Biosciences, Inc. for the first time since 2020. IGM Biosciences has a unique approach with IgM antibodies targeting numerous cancer and autoimmune diseases with large potential markets. The company also has a collaboration deal with drug giant Sanofi inked in 2022 and its stock has almost doubled in 2024 year to date. An updated analysis around IGM Biosciences follows in the paragraphs below. Read the full article on Seeking Alpha
Major Estimate Revision • Sep 06Consensus revenue estimates increase by 281%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.18m to US$8.30m. Forecast losses expected to reduce from -US$3.26 to -US$3.13 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target broadly unchanged at US$21.44. Share price was steady at US$10.25 over the past week.
Major Estimate Revision • Aug 21Consensus revenue estimates fall by 95%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$45.8m to US$2.20m. Forecast losses increased from -US$2.66 to -US$3.23 per share. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target broadly unchanged at US$21.67. Share price rose 12% to US$9.94 over the past week.
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: US$0.79 loss per share (improved from US$1.43 loss in 2Q 2023). Net loss: US$47.9m (loss narrowed 26% from 2Q 2023). Revenue missed analyst estimates by 98%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.
공시 • Aug 15+ 1 more updateIGM Biosciences, Inc. Provides Pipeline UpdatesIGM Biosciences, Inc. provided an update on recent developments. Pipeline Updates: Aplitabart (death receptor 5 agonist) - Clinical development of aplitabart advances. Enrollment completed in randomized colorectal cancer clinical trial. The Company announced that it has completed enrollment in its randomized clinical trial of 3 mg/kg of aplitabart plus FOLFIRI and bevacizumab in second-line metastatic colorectal cancer. A total of 127 patients, exceeding the trial design target of 110 patients, were enrolled across multiple clinical trial sites in the United States, Asia and Europe. This randomized trial is designed to assess the benefit of 3 mg/kg of aplitabart when administered in combination with FOLFIRI and bevacizumab compared to the current standard of care treatment of FOLFIRI and bevacizumab, with a primary endpoint of progression-free survival (PFS). The release of data from this randomized clinical trial will depend on the timing of PFS events in both the control and the experimental arms of this study. Based on its assumptions as to the timing of PFS events, the Company expects to be able to release top-line PFS results from this study by the end of the first quarter of 2025. Imvotamab (CD20 x CD3 T cell engager) - Clinical development of imvotamab in autoimmune diseases advances. First and second dose cohorts in rheumatoid arthritis successfully completed. The Company announced that it has cleared both the first and second dose cohorts of its placebo-controlled clinical study testing imvotamab in severe rheumatoid arthritis and is currently enrolling the third cohort. This study is designed to evaluate three cohorts of progressively higher dose regimens of imvotamab, with each cohort designed to recruit eight patients, six of whom receive imvotamab and two of whom receive placebo. First dose cohort in systemic lupus erythematosus successfully completed. The Company announced that it has cleared the first dose cohort of its open-label clinical study testing imvotamab in severe systemic lupus erythematosus (SLE), with each dose cohort designed to recruit six patients, all of whom are to be treated with imvotamab. The Company is currently enrolling patients in a second dose cohort and plans to enroll a third dose cohort, with each cohort at progressively higher dose regimens of imvotamab. Enrollment initiated in myositis. The Company has initiated recruitment of patients in its single arm, open-label clinical study testing imvotamab in moderate-severe idiopathic inflammatory myopathies (myositis). IGM-2644 (CD38 x CD3 T cell engager): Clinical development of IGM-2644 in autoimmune diseases to be initiated. The Company has made significant progress towards initiating clinical development of IGM-2644, a CD38 x CD3 T cell engager antibody, in the treatment of autoimmune diseases. The Company currently expects to begin enrolling patients in a single arm, open-label clinical study testing IGM-2644 in generalized myasthenia gravis (gMG) by the end of 2024.
Recent Insider Transactions Derivative • Jul 28Independent Director notifies of intention to sell stockJulie Hambleton intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of July. If the sale is conducted around the recent share price of US$13.95, it would amount to US$211k. Since March 2024, Julie has owned 2.00k shares directly. Company insiders have collectively sold US$576k more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • May 26Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$39.8m to US$45.8m. Forecast losses expected to reduce from -US$2.78 to -US$2.66 per share. Biotechs industry in the US expected to see average net income decline 11% next year. Consensus price target of US$21.40 unchanged from last update. Share price rose 3.6% to US$9.55 over the past week.
Major Estimate Revision • May 15Consensus revenue estimates increase by 1,210%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$3.04m to US$39.8m. Forecast losses expected to reduce from -US$3.25 to -US$2.78 per share. Biotechs industry in the US expected to see average net income decline 9.7% next year. Consensus price target broadly unchanged at US$21.40. Share price was steady at US$9.49 over the past week.
Seeking Alpha • May 12IGM Biosciences: Unlikely To Move The Needle Again In 2024Summary IGM Biosciences is developing a different class of antibodies to improve on the classic IgG antibodies. Their most advanced project, aplitabart, is being tested in a clinical trial for metastatic colorectal cancer. The company has a decent cash position but faces risks in the high-risk disease area and uncertainty in its collaboration with Sanofi. Read the full article on Seeking Alpha
Reported Earnings • May 09First quarter 2024 earnings released: US$0.83 loss per share (vs US$1.33 loss in 1Q 2023)First quarter 2024 results: US$0.83 loss per share (improved from US$1.33 loss in 1Q 2023). Net loss: US$49.8m (loss narrowed 16% from 1Q 2023). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
공시 • May 09IGM Biosciences, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2024IGM Biosciences, Inc. provided revenue guidance for the second quarter and full year 2024. Collaboration revenue of $62 million is expected to be recognized in the second quarter of 2024. The Company expects to recognize full year collaboration revenue of approximately $63 million.
분석 기사 • Apr 28Is IGM Biosciences (NASDAQ:IGMS) In A Good Position To Invest In Growth?We can readily understand why investors are attracted to unprofitable companies. For example, although...
공시 • Apr 28IGM Biosciences, Inc., Annual General Meeting, Jun 11, 2024IGM Biosciences, Inc., Annual General Meeting, Jun 11, 2024, at 08:00 Pacific Standard Time. Agenda: To elect three Class II directors to serve until the 2027 annual meeting of stockholders or until their successors are duly elected and qualified; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the company's fiscal year ending December 31, 2024; to approve an amendment to the company's amended and restated certificate of incorporation to limit the liability of certain officers as permitted by Delaware law; to approve a stock option exchange program for employees (excluding the company's chief executive officer and nonemployee directors); and to transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof.
New Risk • Apr 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$211m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). Significant insider selling over the past 3 months (US$282k sold). Revenue is less than US$5m (US$2.1m revenue).
Recent Insider Transactions • Mar 18CEO, President & Director recently sold US$90k worth of stockOn the 14th of March, Fred Schwarzer sold around 9k shares on-market at roughly US$10.01 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Fred has been a net seller over the last 12 months, reducing personal holdings by US$213k.
Major Estimate Revision • Mar 15Consensus EPS estimates upgraded to US$3.26 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$3.88 to -US$3.26 per share. Revenue forecast unchanged from US$3.04m at last update. Biotechs industry in the US expected to see average net income decline 8.3% next year. Consensus price target up from US$20.60 to US$21.50. Share price fell 16% to US$10.20 over the past week.
Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$4.71 loss per share. Net loss: US$246.4m (loss widened 11% from FY 2022). Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Board Change • Mar 05Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Director Elizabeth Thompson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • Feb 12IGM Biosciences: Imvotamab Data 2nd Half Of 2024 With Other Inflection PointsSummary IGM Biosciences, Inc. is conducting phase 1b studies for imvotamab in patients with severe systemic lupus erythematosus and rheumatoid arthritis, with initial results expected in the second half of 2024. The global lupus market is projected to grow to $6.78 billion by 2032 and the global Rheumatoid Arthritis drugs market size is projected to reach $38.61 billion by 2032. Two ongoing studies, one single-arm and one randomized, using Aplitabart for the treatment of patients with 2nd-line metastatic colorectal cancer, expected in the 2nd half of 2024. The global colorectal cancer market is expected to reach $24.08 billion by 2028. Read the full article on Seeking Alpha
공시 • Dec 06+ 1 more updateIgm Biosciences, Inc. to Reduce its Workforce by Approximately 22%IGM Biosciences, Inc. will be reducing its workforce by approximately 22%. As a result of these actions, the company expected to extend its cash runway into the second quarter of 2026.
Major Estimate Revision • Nov 20Consensus revenue estimates decrease by 13%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$2.71m to US$2.36m. EPS estimate increased from -US$5.29 to -US$4.93 per share. Biotechs industry in the US expected to see average net income growth of 10% next year. Consensus price target down from US$22.60 to US$20.60. Share price rose 29% to US$6.01 over the past week.
분석 기사 • Nov 20We Think IGM Biosciences (NASDAQ:IGMS) Needs To Drive Business Growth CarefullyThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Reported Earnings • Nov 15Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: US$1.04 loss per share. Net loss: US$62.0m (loss widened 6.8% from 3Q 2022). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US.
New Risk • Oct 29New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Revenue is less than US$5m (US$1.7m revenue).
공시 • Oct 05IGM Biosciences, Inc. Announces Board ChangesIGM Biosciences, Inc. announced that Michael Loberg, Ph.D. has retired from its Board of Directors, including as Chairman, effective October 3, 2023. Dr. Loberg has served as a member of the IGM Biosciences Board of Directors since 2015 and as Chairman of the Board since 2018. IGM Biosciences announced the appointment of Elizabeth H.Z. Thompson, Ph.D. to its Board of Directors. Dr. Thompson is an accomplished drug development professional who has been involved in the development of important marketed medicines, most recently as the Executive Vice President of Research and Development at Horizon Therapeutics. Dr. Thompson currently serves as Executive Vice President of Research and Development at Horizon Therapeutics. She is also a member of the board of California Life Sciences, an influential life sciences membership organization. At Horizon, Dr. Thompson is responsible for overseeing all research and development activities across the company's preclinical, clinical and marketed products. She played an important role in the acquisition and integration of Viela Bio as well as the expedited filing and approval of TEPEZZA®, along with its successful FDA Advisory Committee meeting. Dr. Thompson previously served as a Group Scientific Director in pharmaceutical development at AbbVie, acting as clinical lead and supporting global submissions and approvals for SKYRIZI®. She previously held positions across the clinical development, business development and medical communications fields as Search and Evaluation Lead at Raptor Pharmaceuticals, Head of Scientific Communications and Publications at InterMune and Development Clinical Director and Licensing Director at Amgen. Dr. Thompson holds a Ph.D. in Macromolecular and Cellular Structure and Chemistry from the Scripps Research Institute and a B.S. in Chemistry from Harvey Mudd College.
Price Target Changed • Aug 04Price target decreased by 7.8% to US$30.09Down from US$32.64, the current price target is an average from 11 analysts. New target price is 232% above last closing price of US$9.06. Stock is down 52% over the past year. The company is forecast to post a net loss per share of US$5.57 next year compared to a net loss per share of US$5.32 last year.
New Risk • Jun 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 37% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$260m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Significant insider selling over the past 3 months (US$90k sold). Revenue is less than US$5m (US$1.6m revenue).
공시 • Jun 23IGM Biosciences, Inc. announced a financing transactionIGM Biosciences, Inc. announced that it will raise an equity round of funding on June 21, 2023. The company will issue non-voting common shares in the transaction.
공시 • Jun 01IGM Biosciences, Inc. Announces FDA Clearance to Begin Clinical Studies of Imvotamab in Lupus and Rheumatoid ArthritisIGM Biosciences, Inc. announced that the U.S. Food and Drug Administration (FDA) has cleared two Investigational New Drug (IND) applications for imvotamab, an IgM-based CD20 X CD3 bispecific antibody T cell engager, enabling the initiation of Phase 1b studies in both severe systemic lupuserythematosus (SLE) and severe rheumatoid arthritis (RA). The Company plans to begin patient enrollment in both multicenter clinical studies in the third quarter of 2023. The data from non-Hodgkin's lymphoma clinical studies indicate that imvotamab can deplete CD20 expressing B cells, even rapidly growing lymphomacells, with a favorable safety profile as compared with other T cell engaging CD20 x CD3 antibodies. Emerging data with cell-based therapies suggest that deep B cell depletion may have the potential to reset the immune system in patients with certain autoimmune diseases. Imvotamab has also demonstrated in preclinical in vitro studies that it can be more effective in depleting B cells with low levels of CD20 expression as compared to rituximab.
Major Estimate Revision • May 19Consensus revenue estimates decrease by 43%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$5.42m to US$3.09m. EPS estimate increased from -US$5.94 to -US$5.82 per share. Biotechs industry in the US expected to see average net income decline 81% next year. Consensus price target down from US$32.64 to US$30.45. Share price fell 13% to US$11.27 over the past week.
분석 기사 • May 10We're Not Worried About IGM Biosciences' (NASDAQ:IGMS) Cash BurnJust because a business does not make any money, does not mean that the stock will go down. For example, although...
Major Estimate Revision • Apr 06Consensus revenue estimates decrease by 50%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$10.9m to US$5.42m. EPS estimate unchanged at -US$5.94 per share. Biotechs industry in the US expected to see average net income decline 50% next year. Consensus price target down from US$39.27 to US$32.64. Share price fell 34% to US$11.27 over the past week.
Price Target Changed • Apr 04Price target decreased by 17% to US$32.64Down from US$39.27, the current price target is an average from 11 analysts. New target price is 133% above last closing price of US$14.00. Stock is down 39% over the past year. The company is forecast to post a net loss per share of US$5.94 next year compared to a net loss per share of US$5.32 last year.
공시 • Jan 18IGM Biosciences Initiates First-In-Human Clinical Trial of Igm-7354 in Solid TumorsIGM Biosciences, Inc. announced that the first patient has been dosed in its Phase 1 clinical trial evaluating IGM-7354, a targeted IL-15/IL-15R IgM antibody whichcould potentially be used for the treatment of patients with solid and hematologic malignancies. The multicenter, open-label, dose escalation Phase 1 clinical trial will evaluate IGM-7354 intravenously administered as a monotherapy in patients with relapsed and/or refractory solid tumor cancers. The key objectives of this trial are to provide an initial assessment of pharmacokinetics, safety and immune cell proliferation. If IGM-7354 shows an encouraging safety profile and significant increases in T cells and natural killer (NK) cells in this clinical trial, the Company may begin combination studies of IGM-7354 with T cell engaging antibodies in 2024. The Company may also decide to pursue combination studies with CAR-T or CAR-NK cells with a partner.
공시 • Jan 10IGM Biosciences Announces Update on Igm-8444 Phase 1 Trial and Future Clinical DevelopmentIGM Biosciences, Inc. announced an update on its clinical development program for IGM-8444, a novel multivalent DR5 agonist, and announced plans for a new randomized combination trial in patients with metastatic colorectal cancer. Initial Phase 1 data reported from a cohort of patients with combination treatment of IGM-8444 and FOLFIRI showed an encouraging safety profile which was broadly comparable to that expected from chemotherapy alone in this setting. Specifically, there was no drug related clinically significant hepatotoxicity, with only grade 1 and grade 2 transient liver enzyme elevations observed. In patients with metastatic colorectal cancer, the combination of IGM-8444 and FOLFIRI showed promising activity, with multiple confirmed responses observed even in patients who had previously progressed on FOLFIRI. In 13 metastatic patients treated with doses of IGM-8444 from 1 to 10 mg/kg plus standard doses of FOLFIRI chemotherapy, there were four responses observed (three confirmed at 3mg/kg), and one additional patient had substantial tumor shrinkage allowing for subsequent complete surgical resection. Responses occurred in patients with KRAS wild type and mutated tumors and in patients with or without liver metastases. The majority of patients were on their third line of treatment or beyond and 10 of the 13 patients had previously been treated with FOLFIRI chemotherapy. Median progression free survival (PFS) among nine 3L+ patients was 5.5 months, with the longest observed PFS extending beyond 12 months.
분석 기사 • Jan 05Here's Why We're Not At All Concerned With IGM Biosciences' (NASDAQ:IGMS) Cash Burn SituationThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Recent Insider Transactions • Dec 22CEO, President & Director recently sold US$235k worth of stockOn the 16th of December, Fred Schwarzer sold around 12k shares on-market at roughly US$18.98 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Fred has been a net seller over the last 12 months, reducing personal holdings by US$285k.
Recent Insider Transactions Derivative • Dec 19CEO, President & Director notifies of intention to sell stockFred Schwarzer intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of December. If the sale is conducted around the recent share price of US$19.12, it would amount to US$262k. For the year to December 2018, Fred's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2022, Fred's direct individual holding has increased from 198.65k shares to 201.45k. Company insiders have collectively bought US$1.5m more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions • Nov 16Independent Director recently bought US$1.0m worth of stockOn the 8th of November, M. Behrens bought around 60k shares on-market at roughly US$17.14 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.4m more in shares than they have sold in the last 12 months.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Independent Director Felix Baker was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Nov 12Independent Director recently bought US$1.0m worth of stockOn the 8th of November, M. Behrens bought around 60k shares on-market at roughly US$17.14 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.4m more in shares than they have sold in the last 12 months.
Recent Insider Transactions Derivative • Oct 08Chief Scientific Officer exercised options and sold US$548k worth of stockOn the 4th of October, Bruce Keyt exercised 25k options at a strike price of around US$0.93 and sold these shares for an average price of US$22.84 per share. This trade did not impact their existing holding. Since December 2021, Bruce's direct individual holding has increased from 4.21k shares to 6.18k. Company insiders have collectively bought US$479k more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions • Oct 01Independent Chairman of the Board recently bought US$140k worth of stockOn the 28th of September, Michael Loberg bought around 7k shares on-market at roughly US$20.89 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of US$640k worth in shares.
분석 기사 • Sep 23IGM Biosciences (NASDAQ:IGMS) Is In A Strong Position To Grow Its BusinessThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Recent Insider Transactions Derivative • Sep 10Chief Scientific Officer exercised options and sold US$460k worth of stockOn the 8th of September, Bruce Keyt exercised 25k options at a strike price of around US$0.93 and sold these shares for an average price of US$19.34 per share. This trade did not impact their existing holding. Since December 2021, Bruce's direct individual holding has increased from 4.21k shares to 6.18k. Company insiders have collectively bought US$613k more than they sold, via options and on-market transactions, in the last 12 months.
Seeking Alpha • Aug 29IGM Biosciences started at BofA Securities with a buy on IgM antibody candidatesBofA Securities has initiated IGM Biosciences (NASDAQ:IGMS) with a buy on advantages the company's IgM antibodies in development have over existing antibody therapies. The firm has a $34 price target on shares (~79% upside based on Monday's close). Analyst Geoff Meacham said that IgM antibodies could have better efficacy compared ot the IgG antibodies used in other therapeutics due to additional binding units that can strongly bind to difficult targets. He noted that IGM's (IGMS) lead candidate, imvotamab, has demonstrated positive phase 1 data in B cell non-Hodgkin’s lymphoma. A separate study of the asset in diffuse large B-cell lymphoma and follicular lymphoma. Meacham added that a relationship with Sanofi (SNY) announced in March could earn the IGM (IGMS) more than $6B in milestone payment and also affirms the company's intellectual property. Seeking Alpha's Quant Rating views IGM as a hold with strong grades for growth and momentum.
Recent Insider Transactions Derivative • Aug 24Chief Scientific Officer exercised options and sold US$531k worth of stockOn the 22nd of August, Bruce Keyt exercised 25k options at a strike price of around US$0.93 and sold these shares for an average price of US$22.17 per share. This trade did not impact their existing holding. Since September 2021, Bruce's direct individual holding has increased from 4.07k shares to 6.18k. Company insiders have collectively bought US$897k more than they sold, via options and on-market transactions, in the last 12 months.
Price Target Changed • Aug 23Price target decreased to US$43.78Down from US$49.56, the current price target is an average from 7 analysts. New target price is 122% above last closing price of US$19.69. Stock is down 73% over the past year. The company is forecast to post a net loss per share of US$5.77 next year compared to a net loss per share of US$4.93 last year.
Major Estimate Revision • Aug 15Consensus revenue estimates fall by 98%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$41.7m to US$840.0k. Forecast losses increased from -US$4.79 to -US$5.77 per share. Biotechs industry in the US expected to see average net income decline 77% next year. Consensus price target down from US$49.56 to US$47.89. Share price rose 30% to US$27.01 over the past week.
Seeking Alpha • Aug 08IGM Biosciences GAAP EPS of -$1.33 misses by $0.93, revenue of $0.4MIGM Biosciences press release (NASDAQ:IGMS): Q2 GAAP EPS of -$1.33 misses by $0.93. Revenue of $0.4M. Cash and investments as of June 30, 2022 were $513.2 million, compared to $229.5 million as of December 31, 2021. IGM expects to end 2022 with a balance of approximately $400 million in cash and investments. IGM estimates full year collaboration revenue of approximately $1 million related to the Sanofi agreement. IGM reiterates its previously issued financial guidance expecting full year GAAP operating expenses of $250 million to $260 million including estimated non-cash stock-based compensation expense of approximately $50 million. Shares -1.78%.