NASDAQ$ACLX

Arcellx Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Arcellx reported fourth quarter and year-end financial results, highlighted by an expanded strategic partnership with Kite and robust long-term responses from the Phase 1 expansion trial of anito-cel.

Arcellx reported collaboration revenue of $63.1 million for the fourth quarter of 2023 and ended the quarter with $729.2 million in cash, cash equivalents, and marketable securities, extending the cash runway into 2027. Net income for the quarter was $20.5 million.

  • Expanded strategic partnership with Kite Pharma, Inc. to include co-development of anito-cel for lymphomas and Kite exercising its option to license ACLX-001.
  • Presented continued robust long-term responses from lead product candidate anito-cel evaluated in a Phase 1 expansion trial in patients with relapsed or refractory multiple myeloma, at 65th ASH Annual Meeting and Exposition.
  • Ended the quarter with $729.2 million in cash, extending cash runway into 2027.
  • Collaboration revenue was $63.1 million for the quarter.

Headline financials

Total Revenue

$63.1M

No prior period
EPS (adj)

$0.42

Previous: -$0.76+155.3%
Research and Development Expenses

$28.8M

No prior period
General and Administrative Expenses

$19.4M

No prior period
Total Operating Expenses

$200M

No prior period
Total Other Income, Net

$19.9M

No prior period
Loss Before Income Taxes

-$70M

No prior period
Income Tax Expense

$663K

No prior period
Unrealized Loss on Marketable Securities

$768K

No prior period
Comprehensive Loss

-$69.9M

No prior period
Net Loss Per Share (Basic & Diluted)

-$1.47

No prior period
Weighted-Average Common Shares Outstanding (Basic & Diluted)

48.1M

No prior period
Total Liabilities

$340M

No prior period
Total Stockholders' Equity

$485M

No prior period
Capital Expenditures

-$5.29M

Previous: $1.28M-514.8%
Net Income

$20.5M

Previous: -$39M+152.6%
Operating Income

$15M

Previous: -$191M+107.8%
Gross Profit

$62.4M

No prior period
R&D Expense

$28.8M

No prior period
Stock-Based Comp

$10.6M

Previous: $5.79M+83.3%

Revenue & EPS history

Arcellx · Revenue · Quarterly

$63.1M

Q4 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 Q4 2023

Historical avgQ4 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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