AbCellera reported a total revenue of $4.2 million for Q1 2025, a decrease from $10.0 million in Q1 2024. The company experienced a net loss of $45.6 million, compared to a net loss of $40.6 million in the prior year. Despite the loss, AbCellera maintained strong liquidity with over $800 million in available funds and is advancing new antibody programs into clinical trials.
Total revenue for Q1 2025 was $4.2 million, primarily from research fees.
Net loss for Q1 2025 was $45.6 million, or $(0.15) per share.
The company ended the quarter with over $800 million in available liquidity.
AbCellera plans to start Phase 1 clinical trials for ABCL635 and ABCL575 in the second half of 2025.
AbCellera anticipates starting Phase 1 clinical trials for ABCL635 and ABCL575 in the second half of 2025, leveraging its strong liquidity to execute its strategy.