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Alumis Swings to Q2 Net Loss, Revenue Falls

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Alumis (ALMS) reported a Q2 net loss Thursday of $142.2 million, compared with net income of $59.3 million a year earlier.

Analysts surveyed by FactSet expected a loss of $117.9 million.

Revenue for the quarter ended June 30 was $1.7 million, down from $2.7 million a year ago. Analysts expected $3.2 million.

As of June 30, the company had cash, cash equivalents and marketable securities of $502.3 million, which it said is sufficient to fund operating expenses and capital expenditure requirements through Q4 2027.

Shares of Alumis were up more than 3% premarket Friday.

Price: $25.16, Change: $+0.75, Percent Change: +3.07%

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