NASDAQ$ACLX

Arcellx Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2023 and provided recent business highlights.

Arcellx reported collaboration revenue of $15.0 million for Q3 2023, driven by the Kite Pharma agreement. The company's cash, cash equivalents, and marketable securities totaled $482.7 million as of September 30, 2023, expected to fund operations into 2026. Net loss for the quarter was $39.3 million.

  • Announced oral presentation at ASH in December, highlighting CART-ddBCMA trial data with median follow-up of 22 months.
  • CART-ddBCMA continues to be well-tolerated with no observed delayed neurotoxicities or parkinsonian symptoms.
  • Resumed enrollment in iMMagine-1 study, advancing the program towards commercial availability.
  • New clinical data from CART-ddBCMA Phase 1 trial will be presented at the ASH Annual Meeting.

Headline financials

Total Revenue

$15M

Previous: $0.00
EPS (adj)

-$0.81

Previous: -$0.68-19.1%
Capital Expenditures

-$16.1M

Previous: -$1M-1511.9%
Free Cash Flow

$133M

Previous: -$72.8M+283.0%
Net Income

-$39.3M

Previous: -$92.9M+57.6%
Operating Income

-$44.9M

Previous: -$93.9M+52.2%
Gross Profit

$14.5M

No prior period
Cash & Equivalents

$126M

Previous: $56.8M+122.2%
Total Assets

$614M

Previous: $337M+82.1%
R&D Expense

$43.8M

No prior period
Stock-Based Comp

$10.6M

Previous: $5.33M+99.2%

Revenue & EPS history

Arcellx · Revenue · Quarterly

$15M

Q3 2023
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward guidance

Arcellx anticipates that its cash, cash equivalents, and marketable securities will fund its operations into 2026.

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 Q3 2023

Historical avgQ3 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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