earnings
confidence high
sentiment neutral
materiality 0.70
Allogene reports Q4 2022 net loss $94.8M, cash $576.5M; pipeline advances
Allogene Therapeutics, Inc.
2022-FY EPS reported
-$2.32
revenue$243,000
- Net loss Q4 2022 $94.8M ($0.66/share); full year net loss $332.6M ($2.32/share).
- Cash, cash equivalents and investments $576.5M as of Dec 31, 2022; expects 2023 cash burn ~$250M, runway into 2025.
- Initiated ALPHA2 Phase 2 trial of ALLO-501A in R/R LBCL; enrollment expected to complete 1H 2024.
- Phase 1 data: ALLO-501A single dose FCA90 showed 67% ORR, 58% CR rate, median DoR 23.1 months.
- UNIVERSAL trial of ALLO-715 in R/R MM: 67% ORR, 42% VGPR+ rate, median DoR 9.2 months.