Allakos Inc (ALLK) Reports Increased R&D Expenses and Net Loss in Q3 2023 [Yahoo! Finance]
Allakos Inc. (ALLK)
Last allakos inc. earnings: 11/12 04:01 pm
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Source: Yahoo! Finance
Net loss widened to $45.6 million in Q3 2023, up from $30.8 million in the same period last year. Allakos ended the quarter with $193.9 million in cash, cash equivalents, and investments. Key clinical milestones anticipated in late Q4 2023 to Q1 2024 for lirentelimab studies. Warning! GuruFocus has detected 2 Warning Signs with ALLK. On November 13, 2023, Allakos Inc ( NASDAQ:ALLK ) released its 8-K filing , detailing the company's financial results for the third quarter ended September 30, 2023, and providing a business update. The biotechnology firm, which focuses on developing antibodies for allergic, inflammatory, and proliferative diseases, reported significant developments in its clinical programs alongside its financial performance. Financial Performance Overview Allakos Inc ( NASDAQ:ALLK ) experienced a substantial increase in research and development expenses, which rose to $36.7 million in the third quarter of 2023, up from $18.4 million in the same quarter of t
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ALLK
News
- Can Allakos (NASDAQ:ALLK) Afford To Invest In Growth? [Yahoo! Finance]Yahoo! Finance
- Allakos Inc. (NASDAQ: ALLK) had its price target lowered by analysts at Jefferies Financial Group Inc. from $1.50 to $1.00. They now have a "hold" rating on the stock.MarketBeat
- The Schall Law Firm Begins Probe Into Claims Against Allakos Inc And Urges Affected Investors To ParticipateAccesswire
- The Schall Law Firm Initiates Investigation Into Allegations Against Allakos Inc And Encourages Impacted Investors To EngageAccesswire
- Allakos Inc. (NASDAQ: ALLK) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $3.00 price target on the stock.MarketBeat
ALLK
Earnings
- 5/9/24 - Miss
ALLK
Sec Filings
- 7/8/24 - Form SC
- 7/2/24 - Form 4
- 6/28/24 - Form 144
- ALLK's page on the SEC website