Fate Therapeutics (FATE) Q4 Earnings Beat, Revenues Fall Y/Y [Yahoo! Finance]
Fate Therapeutics, Inc. (FATE)
Last fate therapeutics, inc. earnings: 3/2 04:01 pm
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US:NASDAQ Investor Relations:
ir.fatetherapeutics.com/investor-relations
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Source: Yahoo! Finance
The loss narrowed year over year due to lower research and development (R&D) expenses. The company earned collaboration revenues of $2 million, which also surpassed the Zacks Consensus Estimate of $1 million but was down from $44 million reported in the year-ago quarter. Revenues were derived from the company's preclinical development activities for a second collaboration candidate targeting an undisclosed solid tumor antigen under its collaboration with ONO Pharmaceutical. R&D expenses declined 64% to $31.8 million in the reported quarter. General and administrative expenses also declined 17% to $17.9 million. The lower operating expenses were due to a decrease in salaries and benefits, including share-based compensation expenses following the company's restructuring in the first quarter of 2023. R&D expenses also declined due to lower clinical study costs and demand for R&D materials and equipment. Cash, cash equivalents and investments as of Dec 31, 2023, were $316.2 milli
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FATE
News
- Fate Therapeutics, Inc. (NASDAQ: FATE) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $7.00 price target on the stock.MarketBeat
- Fate Therapeutics to Webcast Conference Call Reporting First Quarter 2024 Financial Results and Operational Updates [Yahoo! Finance]Yahoo! Finance
- Fate Therapeutics to Webcast Conference Call Reporting First Quarter 2024 Financial Results and Operational UpdatesGlobeNewswire
- Fate Therapeutics Announces Presentation of FT522 Preclinical Data for Autoimmune Diseases in Late-breaking Abstract at ASGCT Annual MeetingGlobeNewswire
- Fate Therapeutics: Looking For A Potential Turnaround In 2024 [Seeking Alpha]Seeking Alpha
FATE
Earnings
- 2/26/24 - Beat
FATE
Sec Filings
- 5/2/24 - Form 424B3
- 4/30/24 - Form EFFECT
- 4/26/24 - Form ARS
- FATE's page on the SEC website