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Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: investor.allakos.com/investor-relations
Company Research 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 Show less Read more
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