Eye Catching Stock: I-Mab ADR (NASDAQ: IMAB)

I-Mab ADR (IMAB) stock traded volume of 1172288 shares during its last trading session as compared to its average volume of 140834 shares over the recent month. IMAB ended its day with the above stream along the move of 3.63% and closed at the price of $37.07 before opening at $41.1.

I-Mab (IMAB) recently reported financial results for the six months ended June 30, 2020 and provided an overview of recent highlights and upcoming milestones.

First Half 2020 Financial Results

Cash Position

As of June 30, 2020, the Company had cash, cash equivalents, restricted cash and short-term investments of RMB1.6B (US$221.1M), contrast with RMB1.2B as of December 31, 2019.

Net Revenues

Total net revenues for the six months ended June 30, 2020 were nil, contrast with RMB15.0M for the six months ended June 30, 2019.

Research & Development Expenses

Research and development expenses for the six months ended June 30, 2020 were RMB442.3M (US$62.6M), contrast with RMB265.1M for the six months ended June 30, 2019. The increase was primarily Because of increases in CRO service fees to advance the Company’s pipelines, higher share-based compensation, and higher employee salary and benefits expenses Because of increased research and development headcount.

Administrative Expenses

Administrative expenses for the six months ended June 30, 2020 were RMB171.4M (US$24.3M), contrast with RMB574.6M for the six months ended June 30, 2019. The decrease was primarily Because of reduced share-based compensation expenses of RMB268.9M (US$38.1M).

Net Loss

Net loss for the six months ended June 30, 2020 was RMB582.9M (US$82.5M), contrast with RMB857.3M for the six months ended June 30, 2019. Net loss per share attributable to ordinary shareholders for the six months ended June 30, 2020 was RMB4.78 (US$0.68), contrast with RMB119.34 for the six months ended June 30, 2019.

Non-GAAP Net Loss

Non-GAAP adjusted net loss, which excludes share-based compensation expenses, for the six months ended June 30, 2020 was RMB353.1M (US$50.0M), contrast with RMB491.0M for the six months ended June 30, 2019. Non-GAAP adjusted net loss per share attributable to ordinary shareholders for the six months ended June 30, 2020 was RMB2.90 (US$0.41), contrast with RMB68.34 for the six months ended June 30, 2019.

IMAB’s shares are at 49.48% for the quarter and driving a -70.21% return over the course of the past year and is now at -53.70% since this point in 2018. The average volatility for the week and month was at 17.14% and 8.67% respectively. There are 58.28M shares outstanding and 2.16B shares are floated in market.

 

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