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ImmunoGen Reports Q1 Net Loss, Higher Revenue; Reiterates Full-Year 2021 Outlook

05/10/2021 03:08

07:00 AM EDT, 05/10/2021 (MT Newswires) -- ImmunoGen (IMGN) reported a Q1 net loss Monday of $0.17 per diluted share, the same as a year ago.

The consensus of analysts polled by Capital IQ expected a loss of $0.19.

Net revenue for the quarter ended March 31 was $15.7 million, up from $13.3 million a year ago.

Analysts polled by Capital IQ expected $17.5 million.

Looking ahead, the company reiterated its fiscal full-year 2021 revenue outlook in the range of $65 million and $75 million.

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