Alumis Q1 Loss Narrows, Revenue Falls; Shares Down Pre-Bell

MT Newswires Live05-15

Alumis (ALMS) reported a Q1 net loss late Thursday of $93.1 million, narrowing from a loss of $99 million a year earlier.

Analysts polled by FactSet expected a loss of $93.6 million.

Revenue for the quarter ended March 31 was $1.7 million, down from $17.4 million a year earlier.

Analysts surveyed by FactSet expected $2.1 million.

The company had cash, cash equivalents and marketable securities of $569.5 million as of March 31.

Alumis continues to expect its existing cash, cash equivalents and marketable securities to fund operating expenses and capital expenditure requirements into Q4 2027, it said.

The company's shares were down 2% in premarket activity Friday.

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