Galecto Inc
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 8, 2024
DMRA$24.15+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating expenses | ||
| Research and development | $23,770 | $48,206 |
| General and administrative | 12,687 | 13,001 |
| Restructuring costs | 3,448 | — |
| Total operating expenses | 39,905 | 61,207 |
| Loss from operations | (39,905) | (61,207) |
| Other income (expense), net | ||
| Interest income, net | 1,689 | 722 |
| Gain on sale of equipment | 64 | — |
| Loss on sale of marketable securities | — | (70) |
| Foreign exchange transaction loss, net | (197) | (1,069) |
| Total other income (expense), net | 1,556 | (417) |
| Net loss | (38,349) | (61,624) |
| Net loss per common share, basic and diluted | $(1.44) | $(2.43) |
| Weighted-average number of shares used in computing net loss per common share, basic and diluted | 26,571,783 | 25,409,123 |
| Other comprehensive gain (loss), net of tax | ||
| Currency translation gain | $393 | $265 |
| Unrealized gain (loss) on marketable securities | 231 | (259) |
| Reclassification adjustment for loss included in net income | — | 70 |
| Other comprehensive gain, net of tax | 624 | 76 |
| Total comprehensive loss | $(37,725) | $(61,548) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.