XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenues $ 252,954 $ 14,832 $ 275,404 $ 56,906
Operating expenses:        
Cost of service revenue (817) (911) (2,589) (1,545)
Research and development (42,937) (32,134) (125,122) (107,048)
General and administrative (21,385) (14,380) (54,388) (39,188)
Contingent purchase price consideration fair value adjustment (275) (2,196) (13,531) (4,652)
Operating income (loss) 187,540 (34,789) 79,774 (95,527)
Other income (expense):        
Gain on extinguishment of debt 6,197   6,197  
Loss on modification of debt       (2,720)
Non-operating income (expense) 121 (648) 2,059 (2,040)
Interest expense, net (16,581) (16,209) (49,147) (44,874)
Net income (loss) 177,277 (51,646) 38,883 (145,161)
Dividends on Series A-1 convertible preferred stock (53) (52) (158) (157)
Less: net loss attributable to non-controlling interest (1,275) (493) (2,702) (1,854)
Net income (loss) attributable to Agenus Inc. common stockholders $ 178,499 $ (51,205) $ 41,427 $ (143,464)
Per common share data:        
Basic net income (loss) attributable to Agenus Inc. common stockholders $ 0.76 $ (0.28) $ 0.19 $ (0.87)
Diluted net income (loss) attributable to Agenus Inc. common stockholders $ 0.72 $ (0.28) $ 0.18 $ (0.87)
Weighted average number of Agenus Inc. common shares outstanding:        
Basic 235,407 182,667 219,677 165,682
Diluted 246,726 182,667 232,512 165,682
Other comprehensive income (loss):        
Foreign currency translation gain (loss) $ (83) $ 864 $ (2,595) $ 2,557
Other comprehensive income (loss) (83) 864 (2,595) 2,557
Comprehensive income (loss) 178,416 (50,341) 38,832 (140,907)
Research and Development [Member]        
Revenue:        
Total revenues 238,986 4,286 242,265 24,283
Service Revenue [Member]        
Revenue:        
Total revenues 1,375 1,599 4,201 2,621
Other Revenue [Member]        
Revenue:        
Total revenues     35 52
Non-Cash Royalty Revenue Related to the Sale of Future Royalties [Member]        
Revenue:        
Total revenues $ 12,593 $ 8,947 $ 28,903 $ 29,950