Immatics Q4 GAAP EPS €(1.20) Down From €0.55 YoY, Revenue From Collaboration Agreements €54.00M Down From €172.83M YoY; Cash And Cash Equivalents, And Other Financial Assets Of €425.9M (~$470.6M) Expected To Provide Cash Runway Into 2027
Portfolio Pulse from Benzinga Newsdesk
Immatics reported a Q4 GAAP EPS of €(1.20), a decrease from €0.55 YoY. Revenue from collaboration agreements was €54.00M, down from €172.83M YoY. The company's cash and equivalents total €425.9M (~$470.6M), expected to fund operations into 2027.
March 21, 2024 | 11:27 am
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NEUTRAL IMPACT
Immatics reported a significant decrease in both EPS and revenue from collaboration agreements in Q4, but maintains a strong cash position expected to last into 2027.
The decrease in EPS and revenue could concern investors, potentially impacting the stock negatively in the short term. However, the substantial cash reserves provide a strong buffer and signal financial stability, which could mitigate any negative impact and suggest a neutral outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100