2024 Q1 Form 10-K Financial Statement

#000112534524000060 Filed on March 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $9.104M $10.72M $58.75M
YoY Change -62.83% -85.33% -61.33%
Cost Of Revenue $270.0K $163.0K $8.222M
YoY Change 138.94% -90.9% 145.36%
Gross Profit $8.834M $10.56M $50.53M
YoY Change -63.77% -85.2% -66.0%
Gross Profit Margin 97.03% 98.48% 86.0%
Selling, General & Admin $14.71M $12.56M $52.19M
YoY Change 8.74% -8.13% -11.47%
% of Gross Profit 166.5% 118.97% 103.29%
Research & Development $46.03M $47.35M $166.6M
YoY Change 0.34% 3.72% -19.54%
% of Gross Profit 521.04% 448.53% 329.69%
Depreciation & Amortization $1.841M $1.900M $9.645M
YoY Change -38.28% -41.19% -18.71%
% of Gross Profit 20.84% 18.0% 19.09%
Operating Expenses $46.03M $59.91M $218.8M
YoY Change 0.34% 0.99% 5.67%
Operating Profit -$53.75M -$49.35M -$168.2M
YoY Change 39.88% -511.87% 38.57%
Interest Expense $1.133M -$1.000K $2.569M
YoY Change -272.71% 51.12%
% of Operating Profit
Other Income/Expense, Net $2.693M $3.282M $5.686M
YoY Change 150.98% 300.73% 242.53%
Pretax Income -$52.19M -$46.07M -$9.059M
YoY Change 37.31% -459.89% -92.44%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$52.19M -$46.07M -$9.058M
YoY Change 37.31% -459.88% -92.44%
Net Earnings / Revenue -573.26% -429.78% -15.42%
Basic Earnings Per Share -$0.84 -$0.15
Diluted Earnings Per Share -$0.84 -$0.74 -$0.15
COMMON SHARES
Basic Shares Outstanding 62.43M shares 62.03M shares 61.93M shares
Diluted Shares Outstanding 62.29M shares 61.93M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $184.2M $229.8M $229.8M
YoY Change -23.76% 48.89% 48.89%
Cash & Equivalents $80.36M $101.0M $101.0M
Short-Term Investments $103.9M $128.8M $128.8M
Other Short-Term Assets $9.871M $9.946M $9.946M
YoY Change 1.57% -2.12% -2.12%
Inventory $1.248M $1.221M $1.221M
Prepaid Expenses $9.946M
Receivables $7.219M $10.37M $10.37M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $202.6M $251.3M $251.3M
YoY Change -29.89% 13.12% 13.12%
LONG-TERM ASSETS
Property, Plant & Equipment $21.30M $45.69M $45.69M
YoY Change -20.49% 54.5% -19.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.185M $1.386M $1.386M
YoY Change -14.01% 0.58% 0.58%
Total Long-Term Assets $45.71M $47.08M $47.08M
YoY Change -16.21% -19.23% -19.23%
TOTAL ASSETS
Total Short-Term Assets $202.6M $251.3M $251.3M
Total Long-Term Assets $45.71M $47.08M $47.08M
Total Assets $248.3M $298.4M $298.4M
YoY Change -27.72% 6.4% 6.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.69M $6.443M $6.443M
YoY Change 184.49% 31.52% 31.52%
Accrued Expenses $18.15M $28.01M $28.01M
YoY Change -35.62% -3.39% -16.93%
Deferred Revenue $22.84M $21.65M
YoY Change 146.91% 116.77%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.76M $56.11M $56.11M
YoY Change 22.25% 15.42% 15.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $258.0K $89.70M $89.70M
YoY Change 0.0% 34666.28% -0.16%
Total Long-Term Liabilities $258.0K $89.70M $89.70M
YoY Change 0.0% 34666.28% -0.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.76M $56.11M $56.11M
Total Long-Term Liabilities $258.0K $89.70M $89.70M
Total Liabilities $142.1M $145.8M $145.8M
YoY Change -39.32% 5.31% 5.31%
SHAREHOLDERS EQUITY
Retained Earnings -$1.155B -$1.103B
YoY Change 2.05% 0.83%
Common Stock $1.261B $1.255B
YoY Change 1.63% 1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $106.2M $152.6M $152.6M
YoY Change
Total Liabilities & Shareholders Equity $248.3M $298.4M $298.4M
YoY Change -27.72% 6.4% 6.4%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$52.19M -$46.07M -$9.058M
YoY Change 37.31% -459.88% -92.44%
Depreciation, Depletion And Amortization $1.841M $1.900M $9.645M
YoY Change -38.28% -41.19% -18.71%
Cash From Operating Activities -$45.64M -$28.04M -$78.21M
YoY Change 255.67% -195.62% -10.07%
INVESTING ACTIVITIES
Capital Expenditures $1.459M $620.0K $1.764M
YoY Change 306.41% 57.76% -51.31%
Acquisitions
YoY Change
Other Investing Activities $26.25M $39.44M -$78.32M
YoY Change -7.74% -831.08% -205.36%
Cash From Investing Activities $24.79M $38.82M -$80.08M
YoY Change -11.75% -770.73% -213.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $863.0K
YoY Change -20.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $248.0K 273.0K 150.4M
YoY Change -99.75% -79.91% 8963.35%
NET CHANGE
Cash From Operating Activities -$45.64M -28.04M -78.21M
Cash From Investing Activities $24.79M 38.82M -80.08M
Cash From Financing Activities $248.0K 273.0K 150.4M
Net Change In Cash -$20.60M 11.06M -7.928M
YoY Change -117.85% -55.57% -45.64%
FREE CASH FLOW
Cash From Operating Activities -$45.64M -$28.04M -$78.21M
Capital Expenditures $1.459M $620.0K $1.764M
Free Cash Flow -$47.10M -$28.66M -$79.97M
YoY Change 257.05% -199.07% -11.72%

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OtherNoncashIncomeExpense
-2035000 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-111000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-45855000 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-215000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-11009000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
4188000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3225000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1281000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10860000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7125000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4823000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4638000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-607000 usd
CY2023 mgnx Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-861000 usd
CY2022 mgnx Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
9364000 usd
CY2021 mgnx Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-3780000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11426000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
48821000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9264000 usd
CY2023 mgnx Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
0 usd
CY2022 mgnx Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
0 usd
CY2021 mgnx Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
258000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-78205000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-86959000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
239683000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
120602000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
231208000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
161299000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
194940000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
200800000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1764000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3623000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6201000 usd
CY2023 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
64000 usd
CY2022 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
0 usd
CY2021 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
70715000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
616000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1085000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
117818000 usd
CY2023 mgnx Proceedsfrom Stock Options Exercised And Espp Purchases
ProceedsfromStockOptionsExercisedAndESPPPurchases
553000 usd
CY2022 mgnx Proceedsfrom Stock Options Exercised And Espp Purchases
ProceedsfromStockOptionsExercisedAndESPPPurchases
574000 usd
CY2021 mgnx Proceedsfrom Stock Options Exercised And Espp Purchases
ProceedsfromStockOptionsExercisedAndESPPPurchases
4959000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
306000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023 mgnx Principal Payments On Royalty Monetization Arrangement
PrincipalPaymentsOnRoyaltyMonetizationArrangement
157000 usd
CY2022 mgnx Principal Payments On Royalty Monetization Arrangement
PrincipalPaymentsOnRoyaltyMonetizationArrangement
0 usd
CY2021 mgnx Principal Payments On Royalty Monetization Arrangement
PrincipalPaymentsOnRoyaltyMonetizationArrangement
0 usd
CY2023 mgnx Net Proceeds From Sale Of Future Royalties
NetProceedsFromSaleOfFutureRoyalties
149655000 usd
CY2022 mgnx Net Proceeds From Sale Of Future Royalties
NetProceedsFromSaleOfFutureRoyalties
0 usd
CY2021 mgnx Net Proceeds From Sale Of Future Royalties
NetProceedsFromSaleOfFutureRoyalties
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
150361000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1659000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
122777000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7928000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14585000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-57662000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108884000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123469000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
181131000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100956000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108884000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123469000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
505000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
118000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
508000 usd
CY2023Q4 us-gaap Investments
Investments
128800000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
46500000 usd
CY2022Q4 us-gaap Investments
Investments
45500000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements in accordance with generally accepted accounting principles (GAAP) requires the Company to make estimates and judgments in certain circumstances that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. In preparing these consolidated financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, fair values of assets, inventory, preclinical study and clinical trial accruals and other contingencies. Management bases its estimates on historical experience or on various other assumptions that it believes to be reasonable under the circumstances. Although actual results could differ from these estimates, management does not believe that such differences would be material.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
91700000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, marketable securities and accounts receivable. </span><span style="color:#252525;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains its cash and money market funds with financial institutions that are federally insured. While balances deposited in these institutions often exceed Federal Deposit Insurance Corporation limits, the Company has not experienced any losses on related accounts to date. The Company's investment policy limits investments to certain types of debt securities issued by the U.S. government, its agencies and institutions with investment-grade credit ratings and places restrictions on maturities and concentration by type and issuer.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The counterparties are various corporations, financial institutions and government agencies of high credit standing.</span></div>
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
128855000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
16000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
22000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
128849000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
45467000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
11000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
45462000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023 us-gaap Interest Income Other
InterestIncomeOther
4000000 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
1700000 usd
CY2021 us-gaap Interest Income Other
InterestIncomeOther
2000000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
261000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
409000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
960000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1042000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1221000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1451000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3100000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4900000 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1112000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
356000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
110241000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
113660000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
88394000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84085000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21847000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29575000 usd
CY2023 us-gaap Depreciation
Depreciation
9600000 usd
CY2022 us-gaap Depreciation
Depreciation
11900000 usd
CY2021 us-gaap Depreciation
Depreciation
11300000 usd
CY2023Q4 mgnx Right Of Use Asset And Lease Liability Increase
RightOfUseAssetAndLeaseLiabilityIncrease
14000000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y1M6D
CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.120
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.120
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
5900000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
6900000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23800000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27300000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
7459000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5597000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
1316000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1451000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
1109000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
1076000 usd
CY2023 us-gaap Lease Cost
LeaseCost
7666000 usd
CY2022 us-gaap Lease Cost
LeaseCost
5972000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4004000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5084000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4209000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4927000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6049000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
46003000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
70276000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
36306000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
33970000 usd
CY2023Q3 mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
50000000 usd
CY2023Q2 mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
100900000 usd
CY2023Q3 mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
50000000 usd
CY2022Q4 mgnx Liability Related To Future Royalties
LiabilityRelatedToFutureRoyalties
0 usd
CY2023 mgnx Proceeds From Sale Of Future Royalties
ProceedsFromSaleOfFutureRoyalties
150000000 usd
CY2023 mgnx Deferred Transaction Costs
DeferredTransactionCosts
343000 usd
CY2023 mgnx Principal Payments On Royalty Monetization Arrangement
PrincipalPaymentsOnRoyaltyMonetizationArrangement
157000 usd
CY2023 mgnx Non Cash Interest Expense Recognized
NonCashInterestExpenseRecognized
1430000 usd
CY2023 mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
150930000 usd
CY2023Q4 mgnx Liability Related To Future Royalties
LiabilityRelatedToFutureRoyalties
0 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18373000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20438000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23126000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M17D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y11M12D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10098929 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.58
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
3367777 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.97
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
34608 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.73
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
365942 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
9.49
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
842519 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
19.12
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12223637 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.11
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
16974000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7892753 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.92
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
4509000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
11346207 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
15.59
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y6M
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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