Nkgen Biotech Inc. reported no revenues for the years ended December 31, 2024 and 2023. The company continues to incur operating losses and negative cash flows from operations. Provision for income taxes decreased by less than $0.1 million for the year ended December 31, 2024 compared to the previous year, primarily due to changes in deferred tax balances partially offset by valuation allowances. The company expects to continue incurring significant expenses as it advances its research and clinical trials.
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