earnings
confidence high
sentiment neutral
materiality 0.70
Arcellx posts $65M FY2021 net loss; IPO cash extends runway into H2 2023
Arcellx, Inc.
- Net loss for FY2021 was $65.0M vs $32.1M in 2020; Q4 net loss $20.7M vs $9.1M.
- Completed IPO in Feb 2022 raising $142.3M gross ($128M net); year-end cash $104.6M.
- Lead candidate CART-ddBCMA moving to Phase 2 pivotal trial by end of 2022.
- R&D expense $46.9M in 2021 (up $21.8M YoY); G&A $18.1M (up $11.1M YoY).
- Cash on hand after IPO expected to fund operations into second half of 2023.