IMMATICS N.V. Unaudited Condensed Consolidated Statement of Loss of Immatics N.V.
Three months ended Six months ended June
June 30, 30,
----------------------- -----------------------
2021 2020 2021 2020
----------- ---------- ----------- ----------
(Euros in thousands, (Euros in thousands,
except share and per except share and per
share data) share data)
Revenue from collaboration
agreements 5,189 6,896 12,592 13,936
Research and development
expenses (20,340) (16,505) (43,389) (28,751)
General and administrative
expenses (8,271) (10,076) (16,702) (16,264)
Other income 26 86 265 200
Operating result (23,396) (19,599) (47,234) (30,879)
Financial income 213 437 3,101 1,083
Financial expenses (629) (2,164) (1,277) (110)
Financial result (416) (1,727) 1,824 973
Loss before taxes (23,812) (21,326) (45,410) (29,906)
Taxes on income - - - -
Net loss (23,812) (21,326) (45,410) (29,906)
Attributable to:
Equity holders of
the parent (23,812) (21,043) (45,410) (29,349)
Non-controlling interest - (283) - (557)
Net loss (23,812) (21,326) (45,410) (29,906)
=========== ========== =========== ==========
Net loss per share
- basic and diluted (0.38) (0.64) (0.72) (0.89)
Weighted average
shares outstanding
- basic and diluted 62,909,095 33,093,838 62,908,945 33,093,838
Unaudited Condensed Consolidated Statement of Comprehensive Loss of Immatics N.V.
Three months ended June
30, Six months ended June 30,
------------------------ ---------------------------
2021 2020 2021 2020
--------- --------- --------- -----------
(Euros in thousands) (Euros in thousands)
Net Loss (23,812) (21,326) (45,410) (29,906)
Other comprehensive loss
Items that may be reclassified subsequently to profit
or loss, net of tax - - - -
Currency translation differences from foreign
operations (1,401) 791 1,324 99
Total comprehensive loss for the period (25,213) (20,535) (44,086) (29,807)
Attributable to:
Equity holders of the parent (25,213) (20,252) (44,086) (29,250)
Non-controlling interest - (283) - (557)
Total comprehensive loss for the period (25,213) (20,535) (44,086) (29,807)
========= ========= ========= ===========
Unaudited Condensed Consolidated Statement of Cash Flows of Immatics N.V.
Six months ended June
30,
-----------------------
2021 2020
----------- ----------
(Euros in thousands)
Cash flows from operating activities
Loss before taxation (45,410) (29,906)
Adjustments for:
Interest income (87) (755)
Depreciation and amortization 2,264 2,288
Interest expense 140 110
Equity settled share-based payment 16,270 6,928
MD Anderson compensation expense - 45
Increase in other liabilities resulting
from share appreciation rights - 7,773
Cash-out related to share-based compensation
previously classified as equity-settled - (4,322)
Net foreign exchange differences 236 1
Changes in working capital
Decrease in accounts receivable 532 530
Decrease/(increase) in other assets 902 (1,106)
Increase in accounts payable and other
current liabilities (11,363) (9,724)
Interest received 54 510
Interest paid (140) (110)
Net cash used in operating activities (36,602) (27,738)
----------- ----------
Cash flows from investing activities
Payments for property, plant and equipment (1,912) (4,514)
Cash paid for investments classified
in Other financial assets (53,782) (32,859)
Cash received from maturity of investments
classified in Other financial assets 45,770 48,881
Payments for intangible assets (390) (36)
Proceeds from disposal of property,
plant and equipment 8 -
Net cash (used in)/provided by investing
activities (10,306) 11,472
----------- ----------
Cash flows from financing activities
Payments for leases (1,348) (1,168)
Net cash used in financing activities (1,348) (1,168)
----------- ----------
Net decrease in cash and cash equivalents (48,256) (17,434)
=========== ==========
Cash and cash equivalents at beginning
of period 207,530 103,353
=========== ==========
Effects of exchange rate changes on
cash and cash equivalents 819 137
Cash and cash equivalents at end of
period 160,093 86,056
=========== ==========
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 - - - 99 99 - 99
Net loss - - (29,349) - (29,349) (557) (29,906)
Comprehensive loss for the year - - (29,349) 99 (29,250) (557) (29,807)
Equity-settled share-based compensation - 6,928 - - 6,928 - 6,928
Cash-out related to share-based compensation previously
classified as equity-settled - (4,322) - - (4,322) - (4,322)
MD Anderson milestone compensation expense - - - - - 45 45
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August 10, 2021 07:00 ET (11:00 GMT)
