Arcellx Provides First Quarter 2024 Financial Results
First Quarter 2024 Financial Highlights
Cash, cash equivalents, and marketable securities:
As of
Collaboration revenue:
Collaboration revenue were
R&D expenses:
Research and development expenses were
G&A expenses:
General and administrative expenses were
Net income or loss:
Net loss was
About
Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that are not purely historical are forward-looking statements, including, without limitation,
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SELECTED CONSOLIDATED BALANCE SHEET DATA | |||||
(in thousands) | |||||
|
|
||||
2024 |
2023 |
||||
Cash, cash equivalents, and marketable securities |
$ |
691,021 |
$ |
729,185 |
|
Total assets |
|
779,695 |
|
825,132 |
|
Total liabilities |
|
283,122 |
|
339,752 |
|
Total stockholders' equity |
|
496,573 |
|
485,380 |
|
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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS | |||||||
(in thousands, except share and per share amounts) | |||||||
Three Months Ended |
|||||||
2024 |
2023 |
||||||
Revenue |
$ |
39,256 |
|
$ |
17,912 |
|
|
Operating expenses: | |||||||
Research and development |
|
32,318 |
|
|
32,932 |
|
|
General and administrative |
|
22,748 |
|
|
15,437 |
|
|
Total operating expenses |
|
55,066 |
|
|
48,369 |
|
|
Loss from operations |
|
(15,810 |
) |
|
(30,457 |
) |
|
Other income, net |
|
8,612 |
|
|
3,442 |
|
|
Loss before income taxes |
|
(7,198 |
) |
|
(27,015 |
) |
|
Income tax expense |
|
— |
|
|
329 |
|
|
Net loss |
|
(7,198 |
) |
|
(27,344 |
) |
|
Other comprehensive loss: | |||||||
Unrealized gain (loss) on marketable securities |
|
(1,059 |
) |
|
307 |
|
|
Comprehensive loss |
$ |
(8,257 |
) |
$ |
(27,037 |
) |
|
Net loss per share attributable to common stockholders—basic and diluted |
$ |
(0.14 |
) |
|
(0.58 |
) |
|
Weighted-average common shares outstanding—basic and diluted |
|
52,757,973 |
|
|
46,769,380 |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20240507588076/en/
Investors:
ir@arcellx.com
510-418-2412
Media:
andreacohen@sambrown.com
917-209-7163
Source: