Galecto Inc
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
DMRA$24.15+0.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating expenses | ||
| Research and development | $2,463 | $10,362 |
| General and administrative | 3,278 | 3,130 |
| Total operating expenses | 5,741 | 13,492 |
| Loss from operations | (5,741) | (13,492) |
| Other income, net | ||
| Interest income, net | 257 | 434 |
| Foreign exchange transaction gain, net | 7 | 64 |
| Total other income, net | 264 | 498 |
| Net loss | $(5,477) | $(12,994) |
| Net loss per common share, basic and diluted | $(0.20) | $(0.51) |
| Weighted-average number of shares used in computing net loss per common share, basic and diluted | 27,112,697 | 25,672,902 |
| Other comprehensive loss, net of tax | ||
| Currency translation gain (loss) | (86) | 25 |
| Unrealized gain on marketable securities | 32 | 92 |
| Other comprehensive gain (loss), net of tax | (54) | 117 |
| Total comprehensive loss | $(5,531) | $(12,877) |
Galecto, Inc.
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