NGM Stock - NGM Biopharmaceuticals, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $4.42M | $55.33M | $77.88M | $87.37M | $103.54M |
| Gross Profit | $2.20M | $49.35M | $69.98M | $-76,604,000 | $-25,709,000 |
| Gross Margin | 49.7% | 89.2% | 89.9% | -87.7% | -24.8% |
| Operating Income | $-146,547,000 | $-166,249,000 | $-120,695,000 | $-103,833,000 | $-49,340,000 |
| Net Income | $-142,375,000 | $-159,085,000 | $-113,826,000 | $-93,993,000 | $-28,498,000 |
| Net Margin | -3223.3% | -287.5% | -146.2% | -107.6% | -27.5% |
| EPS | $-1.73 | $-1.99 | $-1.48 | $-1.37 | $-0.57 |
NGM Biopharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery and development of novel therapeutics to treat liver and metabolic diseases, retinal diseases, and cancer. The company's product candidates include Aldafermin, an engineered analog of human hormone fibroblast growth factor 19, which is in Phase IIb clinical trials for the treatment of non-alcoholic steatohepatitis (NASH); and MK-3655, an agonistic antibody that activates fibroblast growth factor receptor 1c-beta-klotho, which is in Phase IIb clinical trials for use in the treatment of type 2 diabetes and NASH. Its products under development also comprise NGM120, an antagonist antibody that binds GFRAL that is in Phase I/II clinical trials; NGM621, an immunoglobulin 1 monoclonal antibody in Phase II clinical trials for the treatment of geographic atrophy; NGM707, an immunoglobulin-like transcript 2/ immunoglobulin-like transcript 4 dual antagonist monoclonal antibody that is in Phase I/II clinical trials for the treatment of patients with advanced solid tumors; and NGM831 and NGM438 for the treatment of advanced solid tumors. The company has research collaboration, product development, and license agreements with Merck Sharp & Dohme Corp.; and a collaboration agreement with Merck & Co., Inc. to focus primarily on the development of novel medicines for unmet patient needs in retinal and CVM diseases, including heart failure. NGM Biopharmaceuticals, Inc. was incorporated in 2007 and is headquartered in South San Francisco, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| March 12th 2024 | Raymond James | Downgrade | Market Perform | - |
| February 28th 2024 | TD Cowen | Downgrade | Market Perform | - |
| February 27th 2024 | Citigroup | Downgrade | Neutral | - |
| May 3rd 2023 | Citigroup | Initiation | Buy | $6 |
| October 18th 2022 | Goldman | Downgrade | Neutral | $4← $29 |
| October 18th 2022 | Raymond James | Downgrade | Outperform | $4← $42 |
| October 17th 2022 | Jefferies | Downgrade | Hold | - |
| October 17th 2022 | Piper Sandler | Downgrade | Neutral | - |
| July 20th 2022 | Jefferies | Initiation | Buy | $25 |
Earnings History & Surprises
NGMEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2024 | May 2, 2024 | $-0.46 | $-0.58 | -26.1% | ✗ MISS |
Q1 2024 | Mar 11, 2024 | $-0.37 | $-0.33 | +10.8% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $-0.40 | $-0.35 | +12.5% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-0.46 | $-0.46 | 0.0% | = MET |
Q2 2023 | May 4, 2023 | $-0.52 | $-0.58 | -11.5% | ✗ MISS |
Q1 2023 | Feb 28, 2023 | $-0.52 | $-0.45 | +13.5% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $-0.61 | $-0.59 | +3.3% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $-0.55 | $-0.59 | -7.3% | ✗ MISS |
Q2 2022 | May 5, 2022 | $-0.42 | $-0.42 | 0.0% | = MET |
Q1 2022 | Mar 1, 2022 | $-0.37 | $-0.35 | +5.4% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $-0.38 | $-0.37 | +2.6% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $-0.39 | $-0.48 | -23.1% | ✗ MISS |
Q2 2021 | May 6, 2021 | $-0.42 | $-0.36 | +14.3% | ✓ BEAT |
Q1 2021 | Mar 4, 2021 | $-0.47 | $-0.40 | +14.9% | ✓ BEAT |
Q4 2020 | Nov 12, 2020 | $-0.39 | $-0.43 | -10.3% | ✗ MISS |
Q3 2020 | Aug 12, 2020 | $-0.33 | $-0.38 | -15.2% | ✗ MISS |
Q2 2020 | May 13, 2020 | $-0.29 | $-0.28 | +3.4% | ✓ BEAT |
Q1 2020 | Mar 17, 2020 | $-0.34 | $-0.24 | +29.4% | ✓ BEAT |
Q4 2019 | Nov 12, 2019 | $-0.26 | $-0.17 | +34.6% | ✓ BEAT |
Q3 2019 | Aug 12, 2019 | $-0.31 | $-0.13 | +58.1% | ✓ BEAT |
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