Arcellx, Inc. (ACLX) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - Arcellx, Inc. reported a quarterly loss of $0.51 per share, slightly better than the Zacks Consensus Estimate of a loss of$0.54, and compared to a loss of $0.50 per share a year ago, indicating a 2$27.38 million, missing the Zacks Consensus Estimate by 1.23%, but showing a significant increase from $14.3 million in the same quarter last year [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.33 on revenues of $40.01 million, and for the current fiscal year, it is -$1.70 on revenues of $123.84 million [4] - The estimate revisions trend for Arcellx is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Medical - Biomedical and Genetics industry, to which Arcellx belongs, is currently ranked in the top 37$0.29 per share, reflecting a year-over-year change of +50%, with revenues anticipated to be $1.26 million, down 81.9% from the previous year [5]