2024 Q3 Form 10-Q Financial Statement

#000112534524000148 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $110.7M $10.80M
YoY Change 964.81% -17.81%
Cost Of Revenue $168.0K $176.0K
YoY Change 97.65% -31.78%
Gross Profit $110.5M $10.62M
YoY Change 971.96% -17.53%
Gross Profit Margin 99.85% 98.37%
Selling, General & Admin $14.10M $14.42M
YoY Change 13.74% 5.34%
% of Gross Profit 12.76% 135.8%
Research & Development $40.54M $51.73M
YoY Change 34.56% 19.67%
% of Gross Profit 36.68% 487.07%
Depreciation & Amortization $1.835M $1.811M
YoY Change -5.9% -35.6%
% of Gross Profit 1.66% 17.05%
Operating Expenses $40.54M $51.73M
YoY Change 34.56% 19.67%
Operating Profit $54.19M -$58.18M
YoY Change -252.64% 29.4%
Interest Expense $0.00 $6.000K
YoY Change -99.22%
% of Operating Profit 0.0%
Other Income/Expense, Net $2.118M $2.523M
YoY Change -31.68% 10.9%
Pretax Income $56.31M -$55.66M
YoY Change 219.94% -196.86%
Income Tax
% Of Pretax Income
Net Earnings $56.31M -$55.66M
YoY Change 220.78% -196.86%
Net Earnings / Revenue 50.86% -515.55%
Basic Earnings Per Share $0.90 -$0.89
Diluted Earnings Per Share $0.90 -$0.89
COMMON SHARES
Basic Shares Outstanding 62.72M shares 62.63M shares
Diluted Shares Outstanding 62.87M shares 62.66M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.4M $140.4M
YoY Change -21.86% -41.6%
Cash & Equivalents $179.6M $83.93M
Short-Term Investments $20.74M $56.44M
Other Short-Term Assets $9.839M $9.273M
YoY Change 15.75% 43.21%
Inventory $3.244M $1.115M
Prepaid Expenses
Receivables $8.750M $6.191M
Other Receivables $0.00 $0.00
Total Short-Term Assets $222.2M $157.0M
YoY Change -23.73% -38.37%
LONG-TERM ASSETS
Property, Plant & Equipment $19.10M $20.38M
YoY Change -15.61% -15.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.185M $1.186M
YoY Change -14.56% -14.43%
Total Long-Term Assets $42.30M $44.19M
YoY Change -13.07% -13.32%
TOTAL ASSETS
Total Short-Term Assets $222.2M $157.0M
Total Long-Term Assets $42.30M $44.19M
Total Assets $264.5M $201.1M
YoY Change -22.2% -34.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.613M $5.236M
YoY Change 100.21% 37.97%
Accrued Expenses $24.64M $24.45M
YoY Change -3.27% -11.2%
Deferred Revenue $23.31M $23.82M
YoY Change 25.42% 146.28%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.31M $57.91M
YoY Change 15.63% 28.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $258.0K $258.0K
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $258.0K $258.0K
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.31M $57.91M
Total Long-Term Liabilities $258.0K $258.0K
Total Liabilities $144.4M $143.3M
YoY Change -1.07% 6.87%
SHAREHOLDERS EQUITY
Retained Earnings -$1.154B -$1.211B
YoY Change 9.24% 12.69%
Common Stock $1.274B $1.268B
YoY Change 1.89% 1.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.1M $57.82M
YoY Change
Total Liabilities & Shareholders Equity $264.5M $201.1M
YoY Change -22.2% -34.19%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $56.31M -$55.66M
YoY Change 220.78% -196.86%
Depreciation, Depletion And Amortization $1.835M $1.811M
YoY Change -5.9% -35.6%
Cash From Operating Activities $60.16M -$44.49M
YoY Change -270.67% 2029.49%
INVESTING ACTIVITIES
Capital Expenditures $592.0K $1.035M
YoY Change 20.82% 261.89%
Acquisitions
YoY Change
Other Investing Activities $36.19M $48.47M
YoY Change -209.6% -142.82%
Cash From Investing Activities $35.60M $47.44M
YoY Change -206.17% -141.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.00K 625.0K
YoY Change -100.14% 959.32%
NET CHANGE
Cash From Operating Activities 60.16M -44.49M
Cash From Investing Activities 35.60M 47.44M
Cash From Financing Activities -68.00K 625.0K
Net Change In Cash 95.69M 3.577M
YoY Change -607.12% -103.1%
FREE CASH FLOW
Cash From Operating Activities $60.16M -$44.49M
Capital Expenditures $592.0K $1.035M
Free Cash Flow $59.57M -$45.52M
YoY Change -266.68% 1816.63%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
446000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
371000 usd
CY2024Q2 mgnx Cost Of Manufacturing Services
CostOfManufacturingServices
2647000 usd
CY2023Q2 mgnx Cost Of Manufacturing Services
CostOfManufacturingServices
919000 usd
mgnx Cost Of Manufacturing Services
CostOfManufacturingServices
4493000 usd
mgnx Cost Of Manufacturing Services
CostOfManufacturingServices
4329000 usd
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
51732000 usd
us-gaap Costs And Expenses
CostsAndExpenses
121020000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-58181000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-44962000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-111931000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-83388000 usd
CY2024Q2 mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
0 usd
CY2023Q2 mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
100930000 usd
mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
0 usd
mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
100930000 usd
CY2024Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2523000 usd
CY2023Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2275000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5216000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3348000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
6000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
774000 usd
us-gaap Interest Expense
InterestExpense
1139000 usd
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62663677 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61880096 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62477108 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62663677 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62261646 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62477108 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62030710 shares
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
152613000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5512000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
142013000 usd
us-gaap Net Income Loss
NetIncomeLoss
-107854000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2254000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
12204000 usd
mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
0 usd
mgnx Non Cash Interest Expense Recognized
NonCashInterestExpenseRecognized
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4176000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-106000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-673000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-1104000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-513000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1259000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14922000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
148040000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
63250000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
645000 usd
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
54000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-85381000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
616000 usd
mgnx Proceedsfrom Stock Options Exercised And Espp Purchases
ProceedsfromStockOptionsExercisedAndESPPPurchases
227000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
165000 usd
mgnx Principal Payments On Royalty Monetization Arrangement
PrincipalPaymentsOnRoyaltyMonetizationArrangement
156000 usd
mgnx Net Proceeds From Sale Of Future Royalties
NetProceedsFromSaleOfFutureRoyalties
99655000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
100177000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108884000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83932000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108758000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
177000 usd
CY2024Q2 us-gaap Revenues
Revenues
10797000 usd
CY2023Q2 us-gaap Revenues
Revenues
13136000 usd
us-gaap Revenues
Revenues
19901000 usd
us-gaap Revenues
Revenues
37632000 usd
CY2024Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
176000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
258000 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
43229000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
97760000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
89101000 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14423000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13692000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29133000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27219000 usd
CY2024Q2 us-gaap Costs And Expenses
CostsAndExpenses
68978000 usd
us-gaap Costs And Expenses
CostsAndExpenses
131832000 usd
us-gaap Interest Expense
InterestExpense
1430000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-55664000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
57469000 usd
us-gaap Net Income Loss
NetIncomeLoss
-107854000 usd
us-gaap Net Income Loss
NetIncomeLoss
19460000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
11000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-80000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-18000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-67000 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-55653000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
57389000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-107872000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19393000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.89
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.89
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4788000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
13000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-38009000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
109268000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7000 usd
CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
58098000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61845151 shares
CY2024Q1 mgnx Stock Issued During Period Value Stock Plan Activity
StockIssuedDuringPeriodValueStockPlanActivity
248000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-29000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-52190000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
106154000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6693000 usd
CY2024Q2 mgnx Stock Issued During Period Value Stock Plan Activity
StockIssuedDuringPeriodValueStockPlanActivity
625000 usd
CY2024Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
11000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-55664000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
57819000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
617000 usd
CY2023Q1 mgnx Stock Issued During Period Value Stock Plan Activity
StockIssuedDuringPeriodValueStockPlanActivity
-154000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4436000 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
235000 usd
CY2023Q2 mgnx Stock Issued During Period Value Stock Plan Activity
StockIssuedDuringPeriodValueStockPlanActivity
216000 usd
CY2023Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-80000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
57469000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
171544000 usd
us-gaap Net Income Loss
NetIncomeLoss
19460000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3652000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5795000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1404000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9224000 usd
mgnx Gain On Royalty Monetization Arrangement
GainOnRoyaltyMonetizationArrangement
100930000 usd
mgnx Non Cash Interest Expense Recognized
NonCashInterestExpenseRecognized
1430000 usd
mgnx Operating Lease Noncash Expense
OperatingLeaseNoncashExpense
1228000 usd
mgnx Operating Lease Noncash Expense
OperatingLeaseNoncashExpense
1834000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-21000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-339000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-49812000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-8000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3686000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-200000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-1243000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
450000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1293000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
86000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1573000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-90128000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
58505000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
133150000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2494000 usd
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
80000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
72231000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
mgnx Proceedsfrom Stock Options Exercised And Espp Purchases
ProceedsfromStockOptionsExercisedAndESPPPurchases
3270000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2397000 usd
mgnx Principal Payments On Royalty Monetization Arrangement
PrincipalPaymentsOnRoyaltyMonetizationArrangement
0 usd
mgnx Net Proceeds From Sale Of Future Royalties
NetProceedsFromSaleOfFutureRoyalties
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
873000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17024000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100956000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
36000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
56463000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
23000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
56440000 usd
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
CY2024Q2 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
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
0 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
261000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1115000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
960000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
1115000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1221000 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3100000 usd
CY2017Q2 mgnx Share Based Compensation Arrangement By Share Based Payment Award Offering Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOfferingPeriod
P6M
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6651000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4391000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12204000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9224000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y21D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M17D
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
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1903482 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
16.45
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
330641 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
119105 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.80
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
171485 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
22.83
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13505888 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.37
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
160000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8404002 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.11
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M24D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
111000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
12415387 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
15.78
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y6M
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
148000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
30100000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.99
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.78
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2615000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
56000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3117000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
36000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7344000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3533000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001125345-24-000148-index-headers.html Edgar Link pending
0001125345-24-000148-index.html Edgar Link pending
0001125345-24-000148.txt Edgar Link pending
0001125345-24-000148-xbrl.zip Edgar Link pending
exhibit31-1q22024.htm Edgar Link pending
exhibit31-2q22024.htm Edgar Link pending
exhibit32-1q22024.htm Edgar Link pending
exhibit32-2q22024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mgnx-20240630.htm Edgar Link pending
mgnx-20240630.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
mgnx-20240630_cal.xml Edgar Link unprocessable
mgnx-20240630_def.xml Edgar Link unprocessable
mgnx-20240630_lab.xml Edgar Link unprocessable
mgnx-20240630_pre.xml Edgar Link unprocessable
mgnx-20240630_htm.xml Edgar Link completed
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable