NASDAQ$ACLX

Arcellx Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Arcellx reported financial results and business highlights for Q3 2024.

Arcellx reported collaboration revenue of $26.0 million for the third quarter of 2024, an increase of $11.0 million compared to the same period in 2023. The company's cash, cash equivalents, and marketable securities totaled $676.7 million as of September 30, 2024, which is expected to fund operations into 2027. Net losses for the quarter were $25.9 million.

  • ASH abstracts for Phase 1 and iMMagine-1 studies of anito-cel in relapsed/refractory multiple myeloma showed durability and manageable safety.
  • Phase 1 study of anito-cel demonstrated a 30.2-month median progression-free survival with a median follow-up of 38.1 months.
  • Preliminary results from the iMMagine-1 Phase 2 study showed a 95% ORR and 62% CR/sCR at a median follow-up of 10.3 months.
  • First patients dosed in iMMagine-3 study, manufactured by Kite, with turnaround time in line with Kite’s commercial products.

Headline financials

Total Revenue

$26M

Previous: $15M+74.0%
EPS

-$0.48

Previous: -$0.81+40.7%
Capital Expenditures

-$11.9M

Previous: -$16.1M+26.0%
Free Cash Flow

-$49.4M

Previous: $133M-137.1%
Net Income

-$25.9M

Previous: -$39.3M+34.2%
Operating Income

-$33.6M

Previous: -$44.9M+25.1%
Cash & Equivalents

$162M

Previous: $126M+28.3%
Total Assets

$765M

Previous: $614M+24.5%
R&D Expense

$39.2M

Previous: $43.8M-10.6%
Stock-Based Comp

$15.3M

Previous: $10.6M+44.5%

Revenue & EPS history

Arcellx · Revenue · Quarterly

$26M

Q3 2024+74%vs 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 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 Q3 2024

Historical avgQ3 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

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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