Apellis Pharmaceuticals Q4 Net Loss Narrows, Revenue Rises

MT Newswires Live
28 Feb

Apellis Pharmaceuticals (APLS) reported a Q4 net loss Friday of $0.29 per diluted share, narrower than its loss of $0.73 per share a year earlier.

Analysts polled by FactSet expected a loss of $0.37.

Revenue for the quarter ended Dec. 31 was $212.5 million, up from $146.4 million a year earlier.

Analysts surveyed by FactSet expected $198.8 million.

The company said it had cash and cash equivalents of $411.3 million as of Dec. 31.

Shares of Apellis were up more than 9% in recent premarket activity Friday.

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