Galecto Inc

For the period ended Jun 30, 2024. Filed Aug 12, 2024.

About this filing

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 12, 2024

DMRA$24.15+0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(in thousands, except share and per share amounts)

	Three Months EndedJune 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Operating expenses
Research and development	$1,834	$8,089	$4,297	$18,451
General and administrative	2,775	3,070	6,053	6,200
Restructuring costs	968	—	968	—
Total operating expenses	5,577	11,159	11,318	24,651
Loss from operations	(5,577)	(11,159)	(11,318)	(24,651)
Other income, net
Interest income, net	213	442	470	876
Foreign exchange transaction gain, net	68	(27)	75	37
Total other income, net	281	415	545	913
Loss before income tax expense	(5,296)	(10,744)	(10,773)	(23,738)
Income tax expense	42	—	42	—
Net loss	$(5,338)	$(10,744)	$(10,815)	$(23,738)
Net loss per common share, basic and diluted	$(0.20)	$(0.41)	$(0.40)	$(0.91)
Weighted-average number of shares used in computing net loss per common share, basic and diluted	27,115,536	26,375,076	27,114,116	26,025,929
Other comprehensive loss, net of tax
Currency translation loss	(131)	(35)	(217)	(10)
Unrealized gain on marketable securities	2	25	34	117
Other comprehensive gain (loss), net of tax	(129)	(10)	(183)	107
Total comprehensive loss	$(5,467)	$(10,754)	$(10,998)	$(23,631)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.