2014 Q4 Form 10-Q Financial Statement

#000119312514407501 Filed on November 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $5.476M $18.38M $20.23M
YoY Change -63.26% -9.14% 25.81%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.800M $3.700M $2.000M
YoY Change 26.32% 85.0% 33.33%
% of Gross Profit
Research & Development $19.70M $18.63M $11.09M
YoY Change 37.76% 68.04% -7.35%
% of Gross Profit
Depreciation & Amortization $500.0K $480.0K $316.9K
YoY Change 38.89% 51.49% 34.52%
% of Gross Profit
Operating Expenses $24.50M $18.63M $11.09M
YoY Change 35.36% 68.04% -7.35%
Operating Profit -$3.928M $7.158M
YoY Change -154.88% 175.42%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 -$554.0K
YoY Change -100.0% -35681.25%
Pretax Income -$19.00M -$3.900M $6.600M
YoY Change 493.75% -159.09% 153.85%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$19.02M -$3.928M $6.604M
YoY Change 493.39% -159.48% 153.9%
Net Earnings / Revenue -347.3% -21.37% 32.64%
Basic Earnings Per Share -$0.14 $0.14
Diluted Earnings Per Share -$681.0K -$0.14 $0.01
COMMON SHARES
Basic Shares Outstanding 27.79M shares 27.75M shares 1.185M shares
Diluted Shares Outstanding 27.75M shares 21.24M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.6M $179.2M $33.60M
YoY Change 35.28% 433.33%
Cash & Equivalents $157.6M $179.2M $33.57M
Short-Term Investments
Other Short-Term Assets $4.200M $2.500M $1.100M
YoY Change 320.0% 127.27%
Inventory
Prepaid Expenses $4.211M $2.453M $1.103M
Receivables $2.935M $5.315M $2.281M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $164.7M $187.0M $36.95M
YoY Change 37.9% 405.92%
LONG-TERM ASSETS
Property, Plant & Equipment $6.785M $5.633M $4.470M
YoY Change 34.76% 26.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.064M $733.0K $147.2K
YoY Change 133.22% 397.81%
Total Long-Term Assets $9.149M $6.666M $5.022M
YoY Change 44.65% 32.74%
TOTAL ASSETS
Total Short-Term Assets $164.7M $187.0M $36.95M
Total Long-Term Assets $9.149M $6.666M $5.022M
Total Assets $173.9M $193.6M $41.98M
YoY Change 38.24% 361.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.669M $4.388M $1.798M
YoY Change -47.33% 144.02%
Accrued Expenses $7.930M $4.031M $939.8K
YoY Change 121.26% 328.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.600M $1.600M $1.200M
YoY Change 14.29% 33.33%
Total Short-Term Liabilities $27.09M $25.99M $25.27M
YoY Change -6.0% 2.86%
LONG-TERM LIABILITIES
Long-Term Debt $6.400M $6.800M $8.400M
YoY Change -20.0% -19.05%
Other Long-Term Liabilities $19.10M $21.80M $12.40M
YoY Change 91.0% 75.81%
Total Long-Term Liabilities $25.50M $28.60M $20.80M
YoY Change 41.67% 37.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.09M $25.99M $25.27M
Total Long-Term Liabilities $25.50M $28.60M $20.80M
Total Liabilities $52.60M $54.54M $46.02M
YoY Change 12.23% 18.5%
SHAREHOLDERS EQUITY
Retained Earnings -$214.0M -$195.0M -$172.5M
YoY Change 21.8% 13.04%
Common Stock $280.0K $278.0K $21.25K
YoY Change 11.11% 1208.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.00K $57.74K
YoY Change -67.24%
Treasury Stock Shares
Shareholders Equity $121.3M $139.1M -$4.048M
YoY Change
Total Liabilities & Shareholders Equity $173.9M $193.6M $41.98M
YoY Change 38.24% 361.28%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$19.02M -$3.928M $6.604M
YoY Change 493.39% -159.48% 153.9%
Depreciation, Depletion And Amortization $500.0K $480.0K $316.9K
YoY Change 38.89% 51.49% 34.52%
Cash From Operating Activities -$20.16M -$14.34M $810.0K
YoY Change 1608.47% -1870.37% -112.82%
INVESTING ACTIVITIES
Capital Expenditures -$1.660M -$670.0K -$1.160M
YoY Change 80.43% -42.24% 314.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.660M -$670.0K -$1.160M
YoY Change 80.43% -42.24% 314.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 220.0K 180.0K 140.0K
YoY Change -99.74% 28.57% 1300.0%
NET CHANGE
Cash From Operating Activities -20.16M -14.34M 810.0K
Cash From Investing Activities -1.660M -670.0K -1.160M
Cash From Financing Activities 220.0K 180.0K 140.0K
Net Change In Cash -21.60M -14.83M -210.0K
YoY Change -126.05% 6961.9% -96.81%
FREE CASH FLOW
Cash From Operating Activities -$20.16M -$14.34M $810.0K
Capital Expenditures -$1.660M -$670.0K -$1.160M
Free Cash Flow -$18.50M -$13.67M $1.970M
YoY Change 7015.38% -793.91% -132.62%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
16955790 shares
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
27794963 shares
CY2008Q3 mgnx Onetime Milestone Payment To Be Paid Under Agreement
OnetimeMilestonePaymentToBePaidUnderAgreement
5000000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33569000
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
27772085 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2955117 shares
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.62
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1756293 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.45
CY2014Q3 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
0 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
6.35
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3128950 shares
CY2014Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
363000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
916000
CY2014Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
19052000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
507000
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
25988000
CY2014Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1589000
CY2014Q3 us-gaap Common Stock Value
CommonStockValue
278000
CY2014Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4388000
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-195028000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4291000
CY2014Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4031000
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
139088000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
17060000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3348000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4166000
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
193625000
CY2014Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
333838000
CY2014Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
15617000
CY2014Q3 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
6789000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3832000
CY2014Q3 us-gaap Liabilities
Liabilities
54537000
CY2014Q3 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2708000
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
179191000
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5633000
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
46144000
CY2014Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
179491000
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
300000
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
44305000
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
32646000
CY2014Q3 us-gaap Assets
Assets
193625000
CY2014Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
153145000
CY2014Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9100000
CY2014Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5315000
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
733000
CY2014Q3 us-gaap Assets Current
AssetsCurrent
186959000
CY2014Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2453000
CY2014Q3 mgnx Money Market Funds Fair Value Disclosure
MoneyMarketFundsFairValueDisclosure
26046000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47743000
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25177597 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.90
CY2013Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
14381 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3200958 shares
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
363000
CY2013Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
7136000
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
28822000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
125782000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
254453000
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
20267000
CY2013Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
8006000
CY2013Q4 us-gaap Liabilities
Liabilities
46868000
CY2013Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2904000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
116481000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5035000
CY2013Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
116886000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
405000
CY2013Q4 us-gaap Assets
Assets
125782000
CY2013Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
90434000
CY2013Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1439000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
252000
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3169000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-175733000
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3584000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
78914000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2004000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
885000
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
58000
CY2013Q4 us-gaap Assets Current
AssetsCurrent
119457000
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
972000
CY2013Q4 mgnx Money Market Funds Fair Value Disclosure
MoneyMarketFundsFairValueDisclosure
26047000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
20445061 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.0506 pure
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-12988000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21908859 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1463798 shares
us-gaap Revenue From Grants
RevenueFromGrants
1112000
us-gaap License And Services Revenue
LicenseAndServicesRevenue
42016000
us-gaap Operating Income Loss
OperatingIncomeLoss
3571000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-627000
us-gaap Revenues
Revenues
43128000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2037000
us-gaap Net Income Loss
NetIncomeLoss
2944000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
235000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
966000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-13969000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32234000
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-466000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2944000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-14174000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
626000
us-gaap Depreciation
Depreciation
835000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
851000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2944000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-297000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2037000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
851000
us-gaap Costs And Expenses
CostsAndExpenses
39557000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7323000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1941000
us-gaap Share Based Compensation
ShareBasedCompensation
394000
mgnx Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
87000
mgnx Contingent Consideration Recorded As Incremental In Process Research And Development Expense
ContingentConsiderationRecordedAsIncrementalInProcessResearchAndDevelopmentExpense
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
279894 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y6M
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.41
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
MACROGENICS INC
dei Trading Symbol
TradingSymbol
MGNX
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.0500 pure
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-12595000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
44698 shares
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
us-gaap Lessee Leasing Arrangements Operating Leases Renewal Term
LesseeLeasingArrangementsOperatingLeasesRenewalTerm
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.42
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27227151 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
20.72
dei Entity Central Index Key
EntityCentralIndexKey
0001125345
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.67 pure
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
307204 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27227151 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2000000
us-gaap Revenue From Grants
RevenueFromGrants
435000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-19295000
us-gaap License And Services Revenue
LicenseAndServicesRevenue
41886000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-152000
us-gaap Operating Income Loss
OperatingIncomeLoss
-19296000
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-105000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000
us-gaap Revenues
Revenues
42321000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1914000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19295000
us-gaap Net Income Loss
NetIncomeLoss
-19295000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3311000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1481000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7266000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
50536000
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-1067000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
62710000
us-gaap Depreciation
Depreciation
1317000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
77219000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
76733000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
447000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1914000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
486000
us-gaap Costs And Expenses
CostsAndExpenses
61617000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11081000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1219000
us-gaap Share Based Compensation
ShareBasedCompensation
2249000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8200000
mgnx Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-196000
mgnx Contingent Consideration Recorded As Incremental In Process Research And Development Expense
ContingentConsiderationRecordedAsIncrementalInProcessResearchAndDevelopmentExpense
0
mgnx Lease Expiration Year
LeaseExpirationYear
2018
CY2014Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2250000 shares
CY2013Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5750000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y10M24D
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
20058472 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21242979 shares
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1184507 shares
CY2013Q3 us-gaap Revenue From Grants
RevenueFromGrants
121000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
200000
CY2013Q3 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20111000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
7158000
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-554000
CY2013Q3 us-gaap Revenues
Revenues
20232000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
169000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
6604000
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11088000
CY2013Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6404000
CY2013Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
6435000
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
13074000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1986000
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
137000
CY2013Q3 mgnx Contingent Consideration Recorded As Incremental In Process Research And Development Expense
ContingentConsiderationRecordedAsIncrementalInProcessResearchAndDevelopmentExpense
0
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27751437 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27751437 shares
CY2014Q3 us-gaap Revenue From Grants
RevenueFromGrants
99000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3928000
CY2014Q3 us-gaap License And Services Revenue
LicenseAndServicesRevenue
18283000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3928000
CY2014Q3 us-gaap Revenues
Revenues
18382000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3928000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-3928000
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18632000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
22310000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3678000
CY2014Q3 us-gaap Share Based Compensation
ShareBasedCompensation
856000
CY2014Q3 mgnx Contingent Consideration Recorded As Incremental In Process Research And Development Expense
ContingentConsiderationRecordedAsIncrementalInProcessResearchAndDevelopmentExpense
0

Files In Submission

Name View Source Status
0001193125-14-407501-index-headers.html Edgar Link pending
0001193125-14-407501-index.html Edgar Link pending
0001193125-14-407501.txt Edgar Link pending
0001193125-14-407501-xbrl.zip Edgar Link pending
d786329d10q.htm Edgar Link pending
d786329dex311.htm Edgar Link pending
d786329dex312.htm Edgar Link pending
d786329dex321.htm Edgar Link pending
d786329dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mgnx-20140930.xml Edgar Link completed
mgnx-20140930.xsd Edgar Link pending
mgnx-20140930_cal.xml Edgar Link unprocessable
mgnx-20140930_def.xml Edgar Link unprocessable
mgnx-20140930_lab.xml Edgar Link unprocessable
mgnx-20140930_pre.xml Edgar Link unprocessable
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
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
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