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NASDAQ:IGMS

IGM Biosciences Q3 2024 Earnings Report

IGM Biosciences logo
$1.33 -0.02 (-1.48%)
Closing price 04:00 PM Eastern
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$1.34 +0.01 (+0.75%)
As of 07:37 PM Eastern
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IGM Biosciences EPS Results

Actual EPS
-$1.01
Consensus EPS
-$0.82
Beat/Miss
Missed by -$0.19
One Year Ago EPS
N/A

IGM Biosciences Revenue Results

Actual Revenue
$0.52 million
Expected Revenue
$0.23 million
Beat/Miss
Beat by +$290.00 thousand
YoY Revenue Growth
N/A

IGM Biosciences Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
Conference Call Date
Friday, November 8, 2024
Conference Call Time
7:00AM ET

Upcoming Earnings

IGM Biosciences' Q2 2025 earnings is scheduled for Wednesday, August 13, 2025, with a conference call scheduled on Thursday, August 7, 2025 at 4:00 PM ET. Check back for transcripts, audio, and key financial metrics as they become available.

IGM Biosciences Earnings Headlines

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About IGM Biosciences

IGM Biosciences (NASDAQ:IGMS) is a clinical-stage biotechnology company pioneering a novel class of immunotherapies based on immunoglobulin M (IgM) antibody platforms. The company’s proprietary technology is designed to harness the unique properties of pentameric IgM antibodies, which enable potent tumor cell binding, efficient activation of the complement cascade and recruitment of immune effector cells. By focusing on the early phases of antibody engagement, IGM Biosciences aims to deliver differentiated therapeutic profiles compared with conventional IgG-based approaches.

The company’s pipeline includes multiple investigational candidates targeting both hematologic malignancies and solid tumors. Lead programs such as IGM‐2323 in non-Hodgkin lymphoma and IGM‐2644 in prostate cancer leverage the high avidity and multivalent binding of IgM molecules to drive enhanced tumor cell killing. Additional assets, like IGM-8444, are designed to engage death receptor pathways on tumor cells, underlining IGM’s strategy of exploring diverse mechanisms of action within its IgM platform.

Founded in 2014 and headquartered in Carlsbad, California, IGM Biosciences operates research, development and manufacturing facilities in the United States, with collaborations and clinical trial sites extending into Europe and Asia. The company has established partnerships with academic institutions and pharmaceutical organizations to advance its pipeline and validate its platform across multiple therapeutic areas. This global footprint supports both early-stage research and late-stage clinical execution.

IGM Biosciences is led by Amir Nashat, President and Chief Executive Officer, supported by a leadership team of industry veterans spanning research, clinical development and commercial operations. Leveraging decades of collective experience in antibody engineering, oncology drug development and regulatory strategy, the management group is committed to translating the company’s IgM platform into potential treatment options for patients with high‐unmet-need diseases.

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