earnings
confidence high
sentiment negative
materiality 0.75
Nkarta reports FY2023 net loss $117.5M; deprioritizes NKX101, advances NKX019 in autoimmune
Nkarta, Inc.
- FY2023 net loss of $117.5M ($2.40 per basic/diluted share).
- Year-end cash, equivalents & investments $250.9M; expected to fund operations into 2026.
- NKX019 lupus nephritis trial on track to dose first patient in H1 2024.
- NKX101 AML program deprioritized after CR/CRi rate 5/20 vs 4/6 in first 6 patients.
- NKX019 compressed dosing cohort in NHL; preliminary data expected mid-2024.