MRSN Stock - Mersana Therapeutics, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $40.50M | $36.85M | $26.58M | $43,000 | $828,000 |
| Gross Profit | $40.50M | $36.85M | $26.58M | $43,000 | $-66,208,000 |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | -7996.1% |
| Operating Income | $-73,336,000 | $-170,957,000 | $-203,767,000 | $-168,858,000 | $-155,146,000 |
| Net Income | $-69,192,000 | $-171,670,000 | $-204,212,000 | $-170,060,000 | $-88,045,000 |
| Net Margin | -170.9% | -465.8% | -768.3% | -395488.4% | -10633.5% |
| EPS | $-14.12 | $-36.96 | $-54.51 | $-60.24 | $-35.80 |
Mersana Therapeutics, Inc., a clinical stage biopharmaceutical company, develops antibody drug conjugates (ADC) for cancer patients with unmet need. It develops XMT-1592, a Dolasynthen ADC targeting NaPi2b-expressing tumor cells, which is in phase I clinical trial for the treatment of ovarian cancer and NSCLC adenocarcinoma. The company also develops XMT-1660, a B7-H4-targeted Dolasynthen ADC candidate; and XMT-2056, an immunosynthen development candidate. It has a strategic research and development partnerships with Merck KGaA and Asana BioSciences, LLC for the development of ADC product candidates utilizing Fleximer. The company was formerly known as Nanopharma Corp. and changed its name to Mersana Therapeutics, Inc. in November 2005. Mersana Therapeutics, Inc. was incorporated in 2001 and is headquartered in Cambridge, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 6th 2025 | William Blair | Initiation | Outperform | - |
| November 15th 2024 | Citigroup | Resumed | Buy | $5 |
| March 19th 2024 | JP Morgan | Upgrade | Neutral | $5 |
| February 29th 2024 | BTIG Research | Upgrade | Buy | $6 |
| February 29th 2024 | Guggenheim | Upgrade | Buy | $7 |
| February 29th 2024 | Wedbush | Upgrade | Outperform | $7← $2 |
| December 4th 2023 | Citigroup | Upgrade | Buy | $5← $1 |
| July 28th 2023 | Robert W. Baird | Downgrade | Neutral | $1← $7 |
| July 27th 2023 | JP Morgan | Downgrade | Underweight | - |
| July 27th 2023 | Citigroup | Downgrade | Neutral | - |
| July 27th 2023 | BTIG Research | Downgrade | Neutral | - |
| July 27th 2023 | Guggenheim | Downgrade | Neutral | - |
| July 27th 2023 | Truist | Downgrade | Hold | - |
| July 27th 2023 | Wedbush | Downgrade | Neutral | - |
| June 16th 2023 | JP Morgan | Downgrade | Neutral | $5← $11 |
Earnings History & Surprises
MRSNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 13, 2026 | — | — | — | — |
Q1 2026 | Mar 2, 2026 | $-2.90 | — | — | — |
Q4 2025 | Nov 14, 2025 | $-1.44 | $-1.51 | -4.9% | ✗ MISS |
Q3 2025 | Aug 13, 2025 | $-3.75 | $-4.08 | -8.8% | ✗ MISS |
Q2 2025 | May 15, 2025 | $-5.25 | $-4.75 | +9.5% | ✓ BEAT |
Q1 2025 | Mar 3, 2025 | $-0.16 | $-0.11 | +31.3% | ✓ BEAT |
Q4 2024 | Nov 13, 2024 | $-0.18 | $-0.09 | +50.0% | ✓ BEAT |
Q3 2024 | Aug 13, 2024 | $-0.18 | $-0.20 | -11.1% | ✗ MISS |
Q2 2024 | May 9, 2024 | $-0.18 | $-0.16 | +11.1% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $-0.20 | $-0.16 | +20.0% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $-0.31 | $-0.35 | -12.9% | ✗ MISS |
Q3 2023 | Aug 8, 2023 | $-0.39 | $-0.47 | -20.5% | ✗ MISS |
Q2 2023 | May 9, 2023 | $-0.41 | $-0.52 | -26.8% | ✗ MISS |
Q1 2023 | Feb 28, 2023 | $-0.47 | $-0.44 | +6.4% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $-0.09 | $-0.61 | -577.8% | ✗ MISS |
Q3 2022 | Aug 8, 2022 | $-0.50 | $-0.55 | -10.0% | ✗ MISS |
Q2 2022 | May 9, 2022 | $-0.31 | $-0.59 | -90.3% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $-0.67 | $-0.68 | -1.5% | ✗ MISS |
Q4 2021 | Nov 9, 2021 | $-0.58 | $-0.63 | -8.6% | ✗ MISS |
Q3 2021 | Aug 6, 2021 | $-0.50 | $-0.59 | -18.0% | ✗ MISS |
Latest News
Guggenheim Downgrades Mersana Therapeutics to Neutral
➖ NeutralMersana Therapeutics Q3 EPS $(1.51) Beats $(1.96) Estimate, Sales $11.009M Miss $14.203M Estimate
➖ NeutralTruist Securities Downgrades Mersana Therapeutics to Hold, Lowers Price Target to $30.75
📉 NegativeBTIG Downgrades Mersana Therapeutics to Neutral
📉 NegativeMersana Therapeutics shares are trading higher after the company announced it will be acquired by Day One Biopharmaceuticals.
📈 PositiveDay One Biopharmaceuticals shares are trading lower after the company anounced it will acquire Mersana Therapeutics.
📉 NegativeDay One to buy Mersana Therapeutics for $25/share upfront
📈 PositiveDay One Biopharmaceuticals Agrees To Acquire Mersana Therapeutics For $25 Per Share In Cash Plus One Non-tradable CVR Up To An Aggregate Of $30.25 Per CVR In Cash
📈 PositiveMersana Misses Fiscal Q2 Revenue Target
📉 NegativeMersana Therapeutics to execute 1-for-25 reverse stock split
📉 NegativeFrequently Asked Questions about MRSN
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