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Jun 30, 2023
AbCellera Q2 2023 Earnings Report
Reported a decrease in revenue and a higher net loss compared to the same quarter last year, while securing significant strategic financing.
Key Takeaways
AbCellera reported Q2 2023 results with a total revenue of $10.1 million, a net loss of $30.5 million, and secured over $220 million in strategic financing, bringing total available liquidity to over $1 billion.
Total revenue was $10.1 million, compared to $46 million in Q2 2022.
Net loss was $30.5 million, compared to a net loss of $6.8 million in Q2 2022.
Maintained a cumulative total of 177 programs under contract with 41 different partners.
Reached a cumulative total of 106 partnered program starts.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements regarding AbCellera’s ability to develop, commercialize and achieve market acceptance of its current and planned products and services, its research and development efforts, and other matters regarding its business strategies, use of capital, results of operations and financial position, and plans and objectives for future operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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