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Stock impact report

Akili Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update

Akili, Inc. (AKLI) 
Company Research Source: Business Wire
FY 2023 total revenues of $1.7M, a 420% increase over FY 2022 as EndeavorOTC? gained traction in the market following June 2023 product releaseReports fourth quarter 2023 total revenues of $749 thousand, representing 7% growth over the third quarter of 2023, and positive gross margins of 66%, representing a 6 percentage point increase over the third quarter of 2023Akili partner Shionogi releases positive Phase 3 trial results and submits Akili’s digital therapeutic SDT-001 for marketing approval in JapanCompany lowers FY 2024 non-GAAP total operating expense guidance to between $38 million and $43 million and reaffirms gross margins guidance of 60-70% by late 2025; ends FY 2023 with $75.2 million in cash and cash equivalents and reaffirms cash runway into 2H 2025 BOSTON--(BUSINESS WIRE)--Akili, Inc. (Nasdaq: AKLI), a leading digital medicine company, today reported its financial results for the quarter and full year ended December 31, 2023, and provided an update on business progre Show less Read more
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