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0.000776397515527934 0.00184394409937886 0.00465838509316774 0.00349378881987577 0.00543478260869567 -0.00349378881987577 -0.00698757763975154 -0.0042701863354037
Stock impact report

Intellia (NTLA) Beats on Q4 Earnings, Provides Pipeline Update [Yahoo! Finance]

Intellia Therapeutics, Inc. (NTLA) 
Last intellia therapeutics, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.intelliatx.com/investor-overview
Company Research Source: Yahoo! Finance
In the year-ago quarter, Intellia incurred a loss of $1.40 per share. The company's total revenues currently comprise only collaboration revenues. NTLA reported negative revenues of $1.9 million during the fourth quarter of 2023 compared with $13.6 million reported in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $15 million. The decrease in revenues was driven by a $10.3 million one-time revenue recognition adjustment owing to Regeneron REGN extending the technology collaboration to April 2026. Intellia is eligible to receive a $30 million payment in April as part of the extension by REGN. Quarter in Details Intellia's collaboration revenues also missed our model estimate of $8.3 million. Research and development expenses totaled $109 million, up 9% from the year-ago quarter's figure. The rise was primarily due to an increase in expenses for the advancement of lead programs and personnel growth. General and administrative expenses increased 2 Show less Read more
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