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Fate Therapeutics Q1 2023 Earnings Report

Fate Therapeutics logo
$1.30 -0.07 (-5.11%)
As of 01/31/2025 04:00 PM Eastern

Fate Therapeutics EPS Results

Actual EPS
-$0.19
Consensus EPS
-$0.55
Beat/Miss
Beat by +$0.36
One Year Ago EPS
-$0.68

Fate Therapeutics Revenue Results

Actual Revenue
$58.98 million
Expected Revenue
$33.53 million
Beat/Miss
Beat by +$25.45 million
YoY Revenue Growth
+220.50%

Fate Therapeutics Announcement Details

Quarter
Q1 2023
Time
After Market Closes

Conference Call Resources

Conference Call Audio

Fate Therapeutics Earnings Headlines

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Barclays Issues a Buy Rating on Fate Therapeutics (FATE)
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About Fate Therapeutics

Fate Therapeutics (NASDAQ:FATE), a clinical-stage biopharmaceutical company, develops programmed cellular immunotherapies for cancer and immune disorders worldwide. The company's chimeric antigen receptor (CAR)-targeted NK and T-cell product candidates include FT576 to treat multiple myeloma, and FT522, to treat lymphoma and autoimmune disorders. Its CAR T-cell programs include FT819 to treat hematologic malignancies and solid tumors, and FT825 to treat solid tumors. The company has a collaboration and option agreement with Ono Pharmaceutical Co. Ltd. for the development and commercialization of off-the-shelf, iPSC-derived CAR T-cell product candidates for the treatment of cancer. Fate Therapeutics, Inc. was incorporated in 2007 and is headquartered in San Diego, California.

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