Alector: Q1 Earnings Snapshot

Published: 2026-05-07 17:06:10 ET ALEC

Published on 05/07/2026 at 05:06 pm EDT

SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Alector Inc. (ALEC) on Thursday reported a loss of $22.9 million in its first quarter.

On a per-share basis, the South San Francisco, California-based company said it had a loss of 21 cents.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The biotechnology company posted revenue of $1 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $2.44. A year ago, they were trading at $1.02.

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