ACLX - Arcellx Analysts Boost Their Forecasts After Q4 Results | Benzinga
Arcellx, Inc. (NASDAQ: ACLX) posted financial results for its fourth quarter on Wednesday.
The company posted net income of $20.5 million for the quarter ended Dec. 31, 2023, compared to a year-ago net loss of $39.0 million. Its collaboration revenue was $63.1 million for the recent quarter, compared to zero for the quarter ended Dec. 31, 2022.
Research and development expenses rose to $28.8 million from $25.9 million.
"In 2023, our team built upon the momentum that has propelled Arcellx forward over the past two ...