NASDAQ$ACLX

Arcellx Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Arcellx reported financial results for the first quarter ended March 31, 2023.

Arcellx reported collaboration revenue of $17.9 million due to the Kite partnership, and anticipates current funds to support operations through the first half of 2025.

  • Closed Kite partnership in the first quarter.
  • Well capitalized to fund operations through the first half of 2025.
  • Focused on completing enrollment of iMMagine-1.
  • Initiating iMMagine-2 in earlier multiple myeloma lines.

Headline financials

Total Revenue

$17.9M

Previous: $0.00
EPS (adj)

-$0.58

Previous: -$1.56+62.8%
Capital Expenditures

-$980K

Previous: -$467K-109.9%
Free Cash Flow

$181M

Previous: -$33.1M+647.8%
Net Income

-$27.3M

Previous: -$32.4M+15.6%
Operating Income

-$30.5M

Previous: -$32.4M+6.1%
Gross Profit

$17.2M

Previous: $0.00
Cash & Equivalents

$275M

Previous: $127M+116.2%
Total Assets

$623M

Previous: $247M+152.2%
Stock-Based Comp

$10.2M

Previous: $4.48M+126.6%

Revenue & EPS history

Arcellx · Revenue · Quarterly

$17.9M

Q1 2023
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward guidance

Arcellx expects that the cash, cash equivalents, and marketable securities on hand, will fund its operations through BLA filing of CART-ddBCMA planned for the first half of 2025

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+2.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+24.9%

Avg return

30 days after

58%

11 / 19 earnings

Positive

+16.0%

Q2 2024

Best reaction

-4.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.2%-0.1%+0.2%
Q3 2025-1.9%+2.2%-21.1%
Q2 2025-0.9%-0.2%+2.1%
Q1 2025-0.2%+10.9%+9.0%
Q4 2024+2.0%+1.2%-19.9%
Q3 2024+10.8%+8.1%-9.1%
Q2 2024+16.0%+19.1%+40.0%
Q1 2024-4.8%-3.1%-2.8%
Q4 2023-2.7%+0.4%+2.9%
Q3 2023+4.3%+21.3%+11.0%
Q2 2023+6.7%+3.3%-0.7%
Q1 2023+2.8%-4.5%-3.7%
Q4 2022+0.9%-2.9%+41.1%
Q3 2022-2.8%-4.9%+47.5%
Q3 2021-2.8%-4.9%+47.5%
Q2 2022+8.4%-4.1%+10.5%
Q1 2022+0.2%-15.5%+174.8%
Q1 2021+0.2%-15.5%+174.8%
Q4 2021+5.9%-8.7%-30.2%
Q4 2020

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