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Ionis Pharmaceuticals reported first quarter financial results with total revenues of $142 million, a GAAP net loss of $65 million, and $2.1 billion in cash and short-term investments. The company is on track to achieve its 2022 financial guidance.
Total revenues were $142 million.
GAAP operating expenses were $199 million.
GAAP net loss was $65 million.
Cash and short-term investments totaled $2.1 billion.
Ionis is on track to achieve its 2022 financial guidance. With $2.1 billion of cash, the company is well capitalized to continue investing in its large agenda to drive substantial future growth.
Visualization of income flow from segment revenue to net income