IMMATICS N.V.
General and administrative expenses (8,431) (6,188)
Other income 239 113
Operating result (23,838) (11,281)
Financial income 3,464 2,730
Financial expenses (1,224) (29)
Financial result 2,240 2,701
Loss before taxes (21,598) (8,580)
Taxes on income - -
(
Net loss (21,598) (8,580)
Attributable to:
Equity holders of the parent (21,598) (8,306)
Non-controlling interest - (274)
Net loss (21,598) (8,580)
Net loss per share--basic and diluted (0.34) (0.25)
Weighted average shares outstanding--basic and
diluted 62,908,791 33,093,838
Unaudited Condensed Consolidated Statement of Comprehensive Loss of
Immatics N.V.
Three months ended
March 31,
----------------------
Notes 2021 2020
------- ---------- ----------
(Euros in thousands)
Net Loss (21,598) (8,580)
Other comprehensive loss
Items that may be reclassified subsequently to profit
or loss, net of tax - -
Currency translation differences from foreign operations 2,725 (692)
Total comprehensive loss for the period (18,873) (9,272)
Attributable to:
Equity holders of the parent (18,873) (8,998)
Non-controlling interest - (274)
Total comprehensive loss for the period (18,873) (9,272)
========== ==========
Unaudited Condensed Consolidated Statement of Cash Flows of Immatics
N.V.
Three months ended March
31,
--------------------------
2021 2020
------------ ------------
(Euros in thousands)
Cash flows from operating activities
Loss before taxation (21,598) (8,580)
Adjustments for:
Interest income (49) (319)
Depreciation and amortization 1,094 1,048
Interest expense 70 28
Equity settled share-based payment 8,304 39
MD Anderson compensation expense - 37
(Decrease) Increase in other liabilities
resulting from share appreciation rights - 689
Net foreign exchange differences 318 (786)
Changes in working capital
Decrease (increase) in accounts receivable 676 625
(Increase) decrease in other assets 1,207 (372)
Increase in accounts payable and other
current liabilities (6,645) (3,990)
Interest received 36 159
Interest paid (70) (28)
Net cash provided by/(used in) operating
activities (16,657) (11,450)
------------ ------------
Cash flows from investing activities
Payments for property, plant and equipment (565) (2,382)
Cash paid for investments classified
in Other financial assets (21,322) (32,859)
Cash received from maturity of investments
classified in Other financial assets 24,448 16,023
Payments for intangible assets (6) (5)
Proceeds from disposal of property,
plant and equipment 4 -
Net cash provided by/(used in) investing
activities 2,559 (19,223)
------------ ------------
Cash flows from financing activities
Payments for leases (482) (611)
Net cash provided by/(used in) financing
activities (482) (611)
------------ ------------
Net decrease in cash and cash equivalents (14,580) (31,284)
============ ============
Cash and cash equivalents at beginning
of period 207,530 103,353
============ ============
Effects of exchange rate changes on
cash and cash equivalents 2,383 133
Cash and cash equivalents at end of
period 195,333 72,202
============ ============
Unaudited Condensed Consolidated Statement of Changes in Shareholders'
equity (deficit) of Immatics N.V.
Total
share-holders'
Share Share Accumulated Other Total equity (deficit) attributable to shareholders Non-controlling equity
(Euros in thousands) capital premium deficit reserves of the parent interest (deficit)
----------- -------- --------------------------------------------------- --------------- --------------
Balance as of January
1, 2020 1,164 190,945 (233,194) (770) (41,855) 1,020 (40,835)
Other comprehensive
loss - - - (692) (692) - (692)
Net loss - - (8,306) - (8,306) (274) (8,580)
Comprehensive loss
for the year - - (8,306) (692) (8,998) (274) (9,272)
Equity-settled tandem
awards - 39 - - 39 - 39
MD Anderson milestone
compensation
expense - - - - - 37 37
------- ------- ----------- -------- --------------------------------------------------- --------------- --------------
Balance as of March
31, 2020 1,164 190,984 (241,500) (1,462) (50,814) 783 (50,031)
======= ======= =========== ======== =================================================== =============== ==============
Balance as of January
1, 2021 629 573,339 (462,253) (7,459) 104,256 - 104,256
Other comprehensive
loss - - - 2,725 2,725 - 2,725
Net loss - - (21,598) - (21,598) - (21,598)
Comprehensive loss
for the year - - (21,598) 2,725 (18,873) (18,873)
Equity-settled
share-based
compensation - 8,304 - - 8,304 - 8,304
------- ------- ----------- -------- --------------------------------------------------- --------------- --------------
Balance as of March
31, 2021 629 581,643 (483,851) (4,734) 93,687 - 93,687
======= ======= =========== ======== =================================================== =============== ==============
(END) Dow Jones Newswires
May 18, 2021 07:00 ET (11:00 GMT)
