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Precigen, Inc.

Precigen, Inc.

NASDAQ•PGEN
CEO: Mr. Randal J. Kirk J.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2013-08-08
Precigen, Inc. operates as a discovery and clinical-stage biopharmaceutical company that develops gene and cell therapies using precision technology to target diseases in therapeutic areas of immuno-oncology, autoimmune disorders, and infectious diseases. It operates through two segments, Biopharmaceuticals and Exemplar. The company offers therapeutic platforms consisting of UltraCAR-T to provide chimeric antigen receptor T cell therapies for cancer patients; AdenoVerse immunotherapy, which utilizes a library of proprietary adenovectors for gene delivery of therapeutic effectors, immunomodulators, and vaccine antigen; and ActoBiotics for specific disease modification. It also develops programs based on the UltraCAR-T platform, including PRGN-3005 in Phase 1b clinical trial to treat advanced ovarian, fallopian tube, or primary peritoneal cancer; PRGN-3006 in Phase 1b trial for patients with relapsed or refractory acute myeloid leukemia and high-risk myelodysplastic syndromes; and PRGN-3007 in Phase 1/1b trial for the treatment of advanced receptor tyrosine kinase-like orphan receptor 1-positive, hematologic, and solid tumors. In addition, the company is developing programs based on the AdenoVerse immunotherapy platform comprising PRGN-2009 in Phase 2 trial for patients with HPV-associated cancer; and PRGN-2012 in Phase ½ trial to treat recurrent respiratory papillomatosis, as well as AG019, which is based on the ActoBiotics platform and in Phase 1b/2a trial, to treat type 1 diabetes mellitus. Further, it provides UltraPorator, a proprietary electroporation device; and develops research models and services for healthcare research applications. The company was formerly known as Intrexon Corporation and changed its name to Precigen, Inc. in February 2020. Precigen, Inc. was founded in 1998 and is headquartered in Germantown, Maryland.
Contact Information
20358 Seneca Meadows Parkway, Germantown, MD, 20876, United States
301-556-9900
precigen.com
Market Cap
$1.24B
P/E (TTM)
-9.9
16.6
Dividend Yield
--
52W High
$5.23
52W Low
$0.65
52W Range
77%
0.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 0.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$856.00K+19.39%
4-Quarter Trend

EPS

-$0.09-60.91%
4-Quarter Trend

FCF

-$18.36M-27.82%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Operating Loss Significantly Reduced Six-month operating loss narrowed by 30.89M USD, down 36.2%; reflects strategic cost streamlining efforts and ActoBio closure.
R&D Expenses Substantially Lower Research and development expenses decreased 26.6% to 21.97M USD, primarily due to ActoBio operations shutdown and asset prioritization.
Total Revenue Increased Total revenues grew 23.3% to 2.20M USD for six months, driven by increased product and service volume at the Exemplar subsidiary.

Risk Factors

Substantial Going Concern Doubt Current cash and investments of 59.75M USD are insufficient to fund planned operations for the next year, raising substantial doubt.
Warrant Liability Non-Cash Expense Recorded 28.02M USD non-cash expense from change in fair value of warrant liabilities, driven by common stock price increase.
SG&A Expenses Increased Sharply Selling, general, and administrative expenses rose 39.3% to 28.49M USD, mainly due to PRGN-2012 commercial readiness activities.
Goodwill Impairment Charge Recorded 3.91M USD goodwill impairment charge related to the Exemplar reporting unit due to lowered future financial expectations.

Outlook

Focus on Lead Program PRGN-2012 Strategic prioritization focuses resources on PRGN-2012 commercialization; FDA PDUFA target action date set for August 27, 2025.
UltraCAR-T Program Restructuring Paused enrollment in PRGN-3005 and PRGN-3007 trials; planning to focus on strategic partnerships for UltraCAR-T programs.
Pursuing Additional Capital Future capital needs will be financed via equity offerings, debt, strategic alliances, or asset sales due to anticipated losses.

Peer Comparison

Revenue (TTM)

Xencor, Inc.XNCR
$164.15M
+14.7%
AnaptysBio, Inc.ANAB
$123.16M
+304.2%
Nektar TherapeuticsNKTR
$74.93M
-19.6%

Gross Margin (Latest Quarter)

ProKidney Corp.PROK
100.0%
+0.0 pp
Nektar TherapeuticsNKTR
98.1%
+39.6 pp
AnaptysBio, Inc.ANAB
97.3%
+2.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PGEN$1.24B-9.9-494.1%5.1%
NKTR$1.14B-6.9-493.3%46.3%
OCS$1.02B-7.7-90.6%0.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.5%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 12, 2025|
    Revenue: $856.00K+19.4%
    |
    EPS: $-0.09-60.9%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 14, 2025|
    Revenue: $1.34M+25.9%
    |
    EPS: $-0.18+89.1%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 28, 2025|
    Revenue: $3.93M-36.9%
    |
    EPS: $-0.47-20.5%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 19, 2025|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 14, 2024|
    Revenue: $953.00K-30.9%
    |
    EPS: $-0.09+9.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 14, 2024|
    Revenue: $717.00K-59.4%
    |
    EPS: $-0.23+180.8%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 14, 2024|
    Revenue: $1.07M-42.5%
    |
    EPS: $-0.10-3.7%
    Miss
  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 29, 2024|
    Revenue: $6.23M-76.9%
    |
    EPS: $-0.39-18.2%
    Miss