Beam Therapeutics Inc
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 2024
BEAM$25.15-6.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Other Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| License and collaboration revenue | $11,772 | $20,116 | $19,182 | $44,324 |
| Operating expenses: | ||||
| Research and development | 87,041 | 97,608 | 171,859 | 197,254 |
| General and administrative | 29,626 | 24,656 | 56,350 | 48,146 |
| Total operating expenses | 116,667 | 122,264 | 228,209 | 245,400 |
| Loss from operations | (104,895) | (102,148) | (209,027) | (201,076) |
| Other income (expense): | ||||
| Change in fair value of derivative liabilities | 5,500 | (900) | 2,600 | 4,700 |
| Change in fair value of non-controlling equity investments | (7,586) | 6,148 | (10,939) | (6,649) |
| Change in fair value of contingent consideration liabilities | 1,779 | 2,171 | 1,646 | 1,875 |
| Interest and other income (expense), net | 14,190 | 11,953 | 26,039 | 21,914 |
| Total other income (expense) | 13,883 | 19,372 | 19,346 | 21,840 |
| Net loss before income taxes | $(91,012) | $(82,776) | $(189,681) | $(179,236) |
| Provision for income taxes | (39) | — | (39) | — |
| Net loss | $(91,051) | $(82,776) | $(189,720) | $(179,236) |
| Unrealized gain (loss) on marketable securities | (189) | (1,250) | (1,714) | 415 |
| Comprehensive loss | $(91,240) | $(84,026) | $(191,434) | $(178,821) |
| Net loss per common share, basic and diluted | $(1.11) | $(1.08) | $(2.31) | $(2.41) |
| Weighted-average common shares outstanding, basic and diluted | 82,312,467 | 76,335,175 | 82,005,550 | 74,315,721 |
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