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Stock impact report

Allakos Previews Preliminary Financial Results for the Three Months Ended September 30, 2020

Allakos Inc. (ALLK) 
Last allakos inc. earnings: 11/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.allakos.com/investor-relations
Company Research Source: GlobeNewswire
REDWOOD CITY, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Allakos Inc. (Nasdaq: ALLK) (“Allakos” or “the Company”), a biotechnology company developing AK002 for the treatment of eosinophil and mast cell related diseases, today previewed results for the three months ended September 30, 2020. The preliminary financial results are subject to finalization of the Company’s customary quarterly financial close process. Allakos estimates that net loss will be between $40.0 million and $50.0 million for the three months ended September 30, 2020 as compared to $21.7 million for the three months ended September 30, 2019, an increase of between $18.3 million and $28.3 million.  Allakos estimates that cash, cash equivalents and investments in marketable securities will be $419.8 million as of September 30, 2020. The Company expects to report its complete financial results for the third quarter ended September 30, 2020 before the market opens on November 9, 2020. Information Regarding Preliminar Show less Read more
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