Financial Snapshot

Revenue
$34.84M
TTM
Gross Margin
Net Earnings
-$74.64M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
235.07%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.049M
Q3 2024
Cash
Q3 2024
P/E
-3.757
Nov 29, 2024 EST
Free Cash Flow
-$95.57M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $36.86M $26.58M $43.00K $828.0K $42.12M $10.59M $17.55M $25.17M $10.36M
YoY Change 38.65% 61716.28% -94.81% -98.03% 297.61% -39.64% -30.27% 142.95%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $36.86M $26.58M $43.00K $828.0K $42.12M $10.59M $17.55M $25.17M $10.36M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin $59.54M $56.96M $36.89M $21.90M $17.28M $16.33M $10.46M $6.980M $5.350M
YoY Change 4.53% 54.42% 68.44% 26.74% 5.82% 56.12% 49.86% 30.47%
% of Gross Profit
Research & Development $148.3M $173.4M $132.0M $67.04M $55.04M $59.92M $46.70M $31.47M $21.11M
YoY Change -14.49% 31.34% 96.93% 21.8% -8.14% 28.3% 48.4% 49.08%
% of Gross Profit
Depreciation & Amortization $1.517M $927.0K $855.0K $1.010M $1.245M $1.257M $930.0K $660.0K $300.0K
YoY Change 63.65% 8.42% -15.35% -18.88% -0.95% 35.16% 40.91% 120.0%
% of Gross Profit
Operating Expenses $216.5M $230.3M $168.9M $88.94M $72.32M $76.25M $57.16M $38.99M $26.70M
YoY Change -6.0% 36.38% 89.91% 22.97% -5.15% 33.4% 46.6% 46.03%
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $4.073M $3.328M $1.267M $359.0K $234.0K $0.00 $910.0K $120.0K $0.00
YoY Change 22.39% 162.67% 252.92% 53.42% -100.0% 658.33%
% of Operating Profit
Other Income/Expense, Net $8.000M -$445.0K -$1.202M $65.00K $1.992M $1.398M $0.00 $0.00 -$90.00K
YoY Change -1897.75% -62.98% -1949.23% -96.74% 42.49% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income -$171.7M -$204.2M -$170.1M -$88.05M -$28.21M -$64.26M -$38.71M -$13.70M -$16.43M
YoY Change -15.94% 20.08% 93.14% 212.12% -56.1% 66.0% 182.55% -16.62%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$171.7M -$204.2M -$170.1M -$88.05M -$28.21M -$64.26M -$38.71M -$13.70M -$16.43M
YoY Change -15.92% 20.08% 93.15% 212.13% -56.1% 66.0% 182.55% -16.62%
Net Earnings / Revenue -465.88% -768.22% -395488.37% -10633.45% -66.97% -606.54% -220.57% -54.43% -158.59%
Basic Earnings Per Share -$1.48 -$2.18 -$2.41 -$1.43 -$0.65
Diluted Earnings Per Share -$1.48 -$2.18 -$2.41 -$1.43 -$0.65 -$2.790M -$1.700M -$604.9K -$725.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments $209.1M $280.7M $177.9M $255.1M $99.80M $70.10M $114.7M $100.3M $11.50M
YoY Change -25.52% 57.75% -30.24% 155.61% 42.37% -38.88% 14.36% 772.17%
Cash & Equivalents $174.6M $128.9M $177.9M $255.1M $62.40M $59.60M $26.60M $100.3M $11.50M
Short-Term Investments $34.52M $151.8M $0.00 $37.40M $10.50M $88.10M
Other Short-Term Assets $4.973M $8.507M $10.95M $3.500M $1.500M $3.700M $2.000M $800.0K $600.0K
YoY Change -41.54% -22.32% 212.89% 133.33% -59.46% 85.0% 150.0% 33.33%
Inventory
Prepaid Expenses
Receivables $0.00 $30.00M $0.00 $500.0K $800.0K $1.100M $600.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $214.1M $319.2M $188.9M $258.6M $101.3M $74.30M $117.5M $102.2M $12.80M
YoY Change -32.94% 68.99% -26.95% 155.28% 36.34% -36.77% 14.97% 698.44%
Property, Plant & Equipment $11.53M $14.46M $14.86M $12.70M $4.800M $2.700M $2.300M $2.500M $1.300M
YoY Change -20.3% -2.67% 16.98% 164.58% 77.78% 17.39% -8.0% 92.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.50M
YoY Change
Other Assets $478.0K $661.0K $2.356M $2.200M $1.500M $1.500M $400.0K $400.0K $400.0K
YoY Change -27.69% -71.94% 7.09% 46.67% 0.0% 275.0% 0.0% 0.0%
Total Long-Term Assets $12.00M $15.12M $17.21M $14.80M $6.200M $4.200M $13.20M $2.900M $1.600M
YoY Change -20.62% -12.15% 16.3% 138.71% 47.62% -68.18% 355.17% 81.25%
Total Assets $226.1M $334.3M $206.1M $273.4M $107.5M $78.50M $130.7M $105.1M $14.40M
YoY Change
Accounts Payable $7.319M $13.95M $12.32M $8.300M $7.300M $10.70M $3.100M $2.100M $2.000M
YoY Change -47.54% 13.23% 48.45% 13.7% -31.78% 245.16% 47.62% 5.0%
Accrued Expenses $25.15M $45.98M $31.02M $17.60M $11.20M $12.40M $6.900M $3.400M $1.700M
YoY Change -45.3% 48.24% 76.24% 57.14% -9.68% 79.71% 102.94% 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.227M $240.0K $239.0K $100.0K $800.0K
YoY Change 827.92% 0.42% 139.0% -87.5%
Total Short-Term Liabilities $63.64M $91.53M $47.52M $30.00M $24.10M $69.40M $31.90M $28.40M $10.70M
YoY Change -30.48% 92.61% 58.41% 24.48% -65.27% 117.55% 12.32% 165.42%
Long-Term Debt $23.20M $25.13M $25.08M $5.200M $4.500M $0.00 $0.00 $0.00 $0.00
YoY Change -7.68% 0.23% 382.21% 15.56%
Other Long-Term Liabilities $102.3M $125.6M $11.77M $10.20M $700.0K $300.0K $28.80M $37.90M $10.10M
YoY Change -18.55% 967.09% 15.41% 1357.14% 133.33% -98.96% -24.01% 275.25%
Total Long-Term Liabilities $125.5M $150.8M $36.85M $15.40M $5.200M $300.0K $28.80M $37.90M $10.10M
YoY Change -16.74% 309.12% 139.27% 196.15% 1633.33% -98.96% -24.01% 275.25%
Total Liabilities $189.2M $242.3M $84.37M $45.30M $29.20M $69.70M $60.70M $66.30M $20.80M
YoY Change -21.93% 187.17% 86.25% 55.14% -58.11% 14.83% -8.45% 218.75%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 116.1M shares 93.65M shares 70.58M shares 61.49M shares 43.49M shares
Diluted Shares Outstanding 116.1M shares 93.65M shares 70.58M shares 61.49M shares 43.49M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $280.42 Million

About Mersana Therapeutics, Inc.

Mersana Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of antibody-drug conjugates that offer clinical benefit for cancer patients. The company is headquartered in Cambridge, Massachusetts and currently employs 123 full-time employees. The company went IPO on 2017-06-28. The company has developed two proprietary and differentiated ADC platforms: Dolasynthen and Immunosynthen. Dolasynthen is its cytotoxic ADC platform that is designed to generate site-specific, homogeneous ADCs. Immunosynthen is its proprietary stimulator of interferon genes (STING)-agonist platform that is designed to generate systemically administered ADCs that locally activate STING signaling in both antigen-expressing tumor cells and in tumor-resident immune cells. The firm's pipeline also includes XMT-1660, a Dolasynthen ADC targeting B7-H4 in a Phase I clinical trial, and XMT-2056, an Immunosynthen ADC targeting a novel epitope of human epidermal growth factor receptor 2 (HER2), in addition to other earlier-stage assets.

Industry: Pharmaceutical Preparations Peers: Caribou Biosciences, Inc. HilleVax, Inc. IDEAYA Biosciences, Inc. Instil Bio, Inc. INTERCEPT PHARMACEUTICALS, INC. Nurix Therapeutics, Inc. Nkarta, Inc. Y-mAbs Therapeutics, Inc.