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Dec 31, 2022
Allakos Q4 2022 Earnings Report
Allakos reported financial results for Q4 2022 and provided a business update.
Key Takeaways
Allakos reported a net loss of $43.0 million for the fourth quarter of 2022, compared to a net loss of $94.4 million for the same period in 2021. The company's research and development expenses decreased significantly due to cost-cutting efforts.
Research and development expenses decreased to $35.4 million in Q4 2022 from $72.9 million in Q4 2021 due to cost-cutting efforts.
General and administrative expenses decreased to $10.8 million in Q4 2022 from $23.2 million in Q4 2021 due to cost-cutting efforts.
Net loss for Q4 2022 was $43.0 million, compared to $94.4 million for Q4 2021.
Allakos ended Q4 2022 with $279.8 million in cash, cash equivalents and investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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