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Stock impact report

Kodiak (KOD) Q1 Loss Narrower Than Expected, Pipeline in Focus [Yahoo! Finance]

Kodiak Sciences Inc (KOD) 
Last kodiak sciences inc earnings: 11/12 05:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company had incurred a loss of $1.35 per share in the year-ago quarter. Currently, KOD does not have any approved products in its portfolio. As a result, it is yet to generate revenues. Quarter in Detail Research and development expenses were $29.9 million in the reported quarter, down 47% year over year. The decrease was mainly due to the reduction in expenses owing to the conclusion of some clinical studies on its lead pipeline candidate, tarcocimab. General and administrative expenses were $16.1 million, down 11% on a year-over-year basis, primarily due to lower non-cash stock-based compensation expenses. As of Mar 31, 2024, Kodiak had cash, cash equivalents and marketable securities worth $245.9 million compared with $285.5 million as of Dec 31, 2023. The company believes that its current cash balance is enough to support its present and planned operations into 2026. Year to date, shares of KOD have gained 23% against the industry's decline of 4.2%. Image Source: Show less Read more
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