Allakos Inc(NASDAQ:ALLK)

Allakos Inc. operates as a clinical stage biopharmaceutical company. The company's lead monoclonal antibody is lirentelimab (AK002), which is in a Phase III study for the treatment of eosinophilic gastritis and/or eosinophilic duodenitis; and a Phase II/III study for the treatment of eosinophilic es...
Website: http://www.allakos.com
Founded: 2012
Full Time Employees: 114
CEO: Robert D. Alexander Ph.D.
Sector: Healthcare
Industry: Biotechnology
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Income Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 |
|---|---|
operating expenses | |
research and development | 34,824,000 |
general and administrative | 10,898,000 |
impairment of long-lived assets | 27,347,000 |
total operating expenses | 73,069,000 |
income from operations | -73,069,000 |
yoy | |
qoq | |
interest income | 1,995,000 |
other income | -72,000 |
net income | -71,146,000 |
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qoq | |
unrealized gain on investments | -30,000 |
comprehensive loss | -71,176,000 |
net income per common share: | |
basic and diluted | -810 |
weighted-average number of common shares outstanding: | |
basic and diluted | 88,042,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-03-31 |
|---|---|
assets | |
current assets: | |
cash and cash equivalents | 43,060,000 |
investments | 96,192,000 |
prepaid expenses and other current assets | 8,382,000 |
total current assets | 147,634,000 |
property and equipment | 17,364,000 |
operating lease right-of-use assets | 10,577,000 |
other long-term assets | 1,737,000 |
total assets | 177,312,000 |
liabilities and stockholders’ equity | |
current liabilities: | |
accounts payable | 15,748,000 |
accrued expenses and other current liabilities | 20,173,000 |
total current liabilities | 35,921,000 |
operating lease liabilities, net of current portion | 37,408,000 |
total liabilities | 73,329,000 |
contingencies | |
stockholders’ equity: | |
preferred stock, 0.001 par value per share... | |
common stock, 0.001 par value per share... | 89,000 |
additional paid-in capital | 1,293,497,000 |
accumulated other comprehensive gain | 20,000 |
accumulated deficit | -1,189,623,000 |
total stockholders’ equity | 103,983,000 |
total liabilities and stockholders’ equity | 177,312,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 |
|---|---|
cash flows from operating activities | |
net income | -71,146,000 |
adjustments to reconcile net income to net cash from operating activities: | |
impairment of long-lived assets | 27,347,000 |
depreciation and amortization | 1,072,000 |
stock-based compensation | 6,210,000 |
net accretion of premiums and discounts on investments | -962,000 |
noncash lease expense | 1,149,000 |
changes in operating assets and liabilities: | |
prepaid expenses and other current assets | 774,000 |
other long-term assets | 4,479,000 |
accounts payable | 13,984,000 |
accrued expenses and other current liabilities | -14,641,000 |
operating lease liabilities, net of current portion | -807,000 |
net cash from operating activities | -32,541,000 |
capital expenditures | -4,000 |
free cash flows | -32,545,000 |
cash flows from investing activities | |
purchases of investments | -34,367,000 |
proceeds from maturities of investments | 43,400,000 |
purchases of property and equipment | -4,000 |
net cash from investing activities | 9,029,000 |
cash flows from financing activities | |
proceeds from issuance of common stock, net of issuance costs | |
proceeds from exercise of stock options | 26,000 |
proceeds from issuance of common stock under the 2018 espp | 106,000 |
net cash from financing activities | 132,000 |
net increase in cash, cash equivalents and restricted cash | -23,380,000 |
cash, cash equivalents and restricted cash, beginning of period | 67,912,000 |
cash, cash equivalents and restricted cash, end of period | 44,532,000 |
supplemental disclosures | |
noncash investing and financing items: | |
noncash adjustments to right-of-use assets upon lease amendment |
