Akili reports Q1 results; suspends outlook

seekingalpha05-15

Akili press release (NASDAQ:AKLI): Q1 non-GAAP net loss was $9.3 million for the first quarter of 2024, compared to a non-GAAP net loss of $10.8 million for the fourth quarter of 2023. Revenue of $...

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Revenue of $...</p>\n\n<a href=\"https://seekingalpha.com/news/4106380-akili-reports-q1-results-suspends-outlook\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AKLI","symbol_name":"Akili, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4106380-akili-reports-q1-results-suspends-outlook","article_id":"2435389639","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435389639","pubTimestamp":1715772354,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Akili press release : Q1 non-GAAP net loss was $9.3 million for the first quarter of 2024, compared to a non-GAAP net loss of $10.8 million for the fourth quarter of 2023. Revenue of $0.38M   misses by $0.41M. Cash and cash equivalents as of March 31, 2024, were $63.2 million compared to $75.2 million as of December 31, 2023.   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Suspension of Guidance and Business Update As announced in late April 2024, the company’s board of directors has initiated a process that is currently ongoing to evaluate potential strategic alternatives to maximize shareholder value. The board of directors’ evaluation is ongoing, and it expects to make an announcement regarding the outcome of its review upon completion. 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