ALEC Stock - Alector, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $100.56M | $97.06M | $133.62M | $207.09M | $21.10M |
| Gross Profit | $100.56M | $88.21M | $133.62M | $17.68M | $-135,771,000 |
| Gross Margin | 100.0% | 90.9% | 100.0% | 8.5% | -643.5% |
| Operating Income | $-144,997,000 | $-151,740,000 | $-137,834,000 | $-37,360,000 | $-195,174,000 |
| Net Income | $-119,049,000 | $-130,391,000 | $-133,310,000 | $-36,329,000 | $-190,228,000 |
| Net Margin | -118.4% | -134.3% | -99.8% | -17.5% | -901.6% |
| EPS | $-1.23 | $-1.56 | $-1.62 | $-0.45 | $-2.45 |
Alector, Inc., a clinical stage biopharmaceutical company, develops therapies for the treatment of neurodegeneration diseases. Its products include AL001, a humanized recombinant monoclonal antibody, which is in Phase III clinical trial for the treatment of frontotemporal dementia, Alzheimer's, Parkinson's, and amyotrophic lateral sclerosis diseases; and AL101 that is in Phase I clinical trial for the treatment of neurodegenerative diseases, including Alzheimer's and Parkinson's diseases. The company also offers AL002, a product candidate that is in Phase II clinical trial for the treatment of Alzheimer's disease; and AL003, which is in Phase I clinical trial for the treatment of Alzheimer's disease. In addition, its products in development stage include AL044 that targets MS4A4A, a risk gene for Alzheimer's disease. Alector, Inc. has a collaboration agreement with Adimab, LLC for the research and development of antibodies; and a strategic collaboration agreement with GlaxoSmithKline plc for the development and commercialization of monoclonal antibodies, such as AL001 and AL101 to treat neurodegenerative diseases. The company was founded in 2013 and is headquartered in South San Francisco, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 22nd 2025 | Mizuho | Downgrade | Neutral | $1.5 |
| October 22nd 2025 | TD Cowen | Downgrade | Hold | - |
| October 22nd 2025 | Cantor Fitzgerald | Downgrade | Neutral | - |
| October 22nd 2025 | William Blair | Downgrade | Market Perform | - |
| October 22nd 2025 | BTIG Research | Downgrade | Neutral | - |
| July 28th 2025 | Mizuho | Upgrade | Outperform | $3.5 |
| December 17th 2024 | Mizuho | Downgrade | Neutral | $2.5← $9 |
| December 16th 2024 | Stifel | Downgrade | Hold | $4 |
| December 4th 2024 | BofA Securities | Downgrade | Underperform | $1← $9 |
| November 29th 2024 | H.C. Wainwright | Reiterated | Buy | $7← $35 |
| November 26th 2024 | Morgan Stanley | Downgrade | Underweight | $3← $10 |
| December 14th 2023 | Stifel | Upgrade | Buy | $15← $8 |
| December 12th 2023 | Deutsche Bank | Initiation | Buy | $12 |
| September 25th 2023 | Goldman | Initiation | Sell | $4 |
| September 22nd 2023 | Cantor Fitzgerald | Initiation | Overweight | $13 |
Earnings History & Surprises
ALECEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $-0.40 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-0.42 | $-0.34 | +19.0% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $-0.45 | $-0.30 | +33.3% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $-0.44 | $-0.41 | +6.8% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $-0.61 | $-0.02 | +96.7% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $-0.53 | $-0.43 | +18.9% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $-0.49 | $-0.40 | +18.4% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $-0.48 | $-0.38 | +20.8% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $-0.80 | $-0.49 | +38.8% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $-0.65 | $-0.53 | +18.5% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-0.82 | $0.02 | +102.4% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $-0.75 | $-0.55 | +26.7% | ✓ BEAT |
Q1 2023 | Feb 28, 2023 | $-0.54 | $-0.63 | -16.7% | ✗ MISS |
Q4 2022 | Nov 8, 2022 | $-0.43 | $-0.56 | -30.2% | ✗ MISS |
Q3 2022 | Aug 4, 2022 | $-0.47 | $0.12 | +125.5% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $0.37 | $-0.54 | -245.9% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $-0.13 | $-0.68 | -423.1% | ✗ MISS |
Q4 2021 | Nov 4, 2021 | $2.09 | $1.49 | -28.7% | ✗ MISS |
Q3 2021 | Aug 3, 2021 | $-0.69 | $-0.69 | 0.0% | = MET |
Latest News
Alector Appointed Neil Berkley As Chief Financial Officer And Chief Business Officer, Effective Dec. 10
➖ NeutralAlector Affirms FY2025 Sales Guidance of $13.000M-$18.000M vs $16.343M Est
➖ NeutralAlector Q3 EPS $(0.34) Beats $(0.42) Estimate, Sales $3.260M Beat $3.020M Estimate
📈 PositiveTD Cowen Downgrades Alector to Hold
📉 NegativeCantor Fitzgerald Downgrades Alector to Neutral
📉 NegativeHC Wainwright & Co. Maintains Buy on Alector, Lowers Price Target to $5
➖ NeutralAlector shares are trading lower after the company announced it will discontinue the open-label extension for Latozinemab and reduce its workforce by about 49%.
📉 NegativeWilliam Blair Downgrades Alector to Market Perform
📉 NegativeBTIG Downgrades Alector to Neutral
➖ NeutralAlector slumps on late-stage trial setback for GSK-partnered dementia candidate
📉 NegativeAlector shares are trading lower after the company announced it will discontinue the open-label extension for Latozinemab and reduce its workforce by about 49%.
📉 NegativeAlector Says Workforce Reduction Impacts About 75 Employees; Restructuring Charges Expected To Be About $7.7M
📉 NegativeAlector Discontinues Open-Label Extension For Latozinemab; Co To Reduce Workforce By About 49%
📉 NegativeTrading Halt: Halt status updated at 4:30:00 PM ET: Quotation Resumption: News and Resumption Times
➖ NeutralAlector Reports In 96-Week, Double-Blind INFRONT-3 Trial, Latozinemab, Developed In Collaboration With GSK, Did Not Meet Clinical Co-Primary Endpoint Of Slowing FTD-GRN Progression
📉 NegativeAlector Reports Topline Results Latozinemab Phase 3 Trial In Individuals With Frontotemporal Dementia Due To GRN Mutation
➖ NeutralTrading Halt: Halted at 4:01:00 p.m. ET - Trading Halt: Halt News Pending
➖ NeutralBTIG Reiterates Buy on Alector, Maintains $5 Price Target
📈 PositiveAlector upgraded at Mizuho on high risk/higher-reward
📈 PositiveFrequently Asked Questions about ALEC
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