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Stock impact report

Akili Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update [Yahoo! Finance]

Akili, Inc. (AKLI) 
Company Research Source: Yahoo! Finance
Reports 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 2023 Akili partner Shionogi releases positive Phase 3 trial results and submits Akili's digital therapeutic SDT-001 for marketing approval in Japan Company 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, February 29, 2024 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 progress. "We continue to see clear demand for our innovative, digital therapeutics, particularly amidst the ongoing mental Show less Read more
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