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Stock impact report

Intellia's (NTLA) Q1 Earnings & Revenues Beat Estimates [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 $1.17 per share. The reported loss excluded a one-time expense of change in fair value of investments, net, including which the company reported a loss of $1.12 per share in the first quarter of 2024. The company's total revenues currently comprise only collaboration revenues. NTLA reported revenues of $28.9 million for the first quarter of 2024 compared with $12.6 million reported in the year-ago quarter. The year-over-year increase in revenues was due to a $21 million non-cash revenue recognition adjustment related to the AvenCell collaboration. The top line beat the Zacks Consensus Estimate of $16 million. Shares of Intellia were up 8.1% on May 9 following the announcement of the better-than-expected results. However, the stock has decreased 18.4% year to date compared with the industry's decline of 6.2%. Image Source: Zacks Investment Research Quarter in Details Intellia's collaboration revenues also beat our model Show less Read more
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