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0 -0.00210748155953631 0.00528977871443627 0.00632244467860911 -0.0189673340358272 -0.0179346680716543 -0.0115911485774499 -0.00737618545837727
Stock impact report

Allogene's (ALLO) Q4 Loss Narrower Than Expected, Sales Miss [Yahoo! Finance]

Allogene Therapeutics, Inc. (ALLO) 
Last allogene therapeutics, inc. earnings: 2/27 04:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Inclusive of impairment charges, the company posted a loss of 51 cents in the fourth quarter. In the year-ago quarter, the company reported a loss of 67 cents. There was no impairment charge recorded in the year-ago period. ALLO recorded revenues of $0.02 million during the quarter, missing the Zacks Consensus Estimate of $0.05 million. Revenues were down 19% year over year. Quarter in Detail Research & development (R&D) expenses were $54.7 million, down 28% from the year-ago quarter's level. General and administrative (G&A) expenses declined 18% year over year to $17.2 million. Allogenehad $448.7 million of cash, cash equivalents and investments as of Dec 31, 2023, compared with $497.7 million as of Sep 30, 2023. Full-Year Results In 2023, Allogene recorded total revenues of $0.1 million, down 39% year over year. The company reported a loss of $2.09 per share for full-year 2023, narrower than the year-ago period's loss of $2.38. 2024 Guidance Allogene anticipates Show less Read more
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