NASDAQ$ACLX
Arcellx Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported financial results for the second quarter of 2024 and provided business updates.
Arcellx reported a $68 million milestone payment from Kite for iMMagine-1 enrollment and the FDA cleared anito-cel IND application for myasthenia gravis. Cash, cash equivalents, and marketable securities totaled $646.8 million. Net losses were $27.2 million.
- Earned a $68 million clinical milestone payment from Kite Pharma for iMMagine-1 enrollment.
- Submitted an abstract to present data for the iMMagine-1 study at the 66th ASH Annual Meeting and Exposition.
- Kite has initiated the global Phase 3 trial, iMMagine-3.
- The FDA cleared an IND application for anito-cel for myasthenia gravis.
Headline financials
Revenue & EPS history
Arcellx · Revenue · Quarterly
$27.4M
Forward guidance
Arcellx anticipates that its cash, cash equivalents, and marketable securities will fund its operations into 2027.
Tailwinds
- Cash, cash equivalents, and marketable securities will fund its operations into 2027.
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 Q2 2024
+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
| Quarter | Report date | Reaction (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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