SUTRO BIOPHARMA INC
For the period ended Jun 30, 2024. Filed Aug 13, 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 13, 2024
STRO$9.62+4.6%Stored close · as of Nov 6, 2026
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Condensed Statements of Operations
(In thousands, except share and per share amounts)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $25,706 | $10,412 | $38,714 | $23,086 |
| Operating expenses | ||||
| Research and development | 62,020 | 41,592 | 118,898 | 80,991 |
| General and administrative | 12,371 | 14,999 | 25,092 | 30,511 |
| Total operating expenses | 74,391 | 56,591 | 143,990 | 111,502 |
| Loss from operations | (48,685) | (46,179) | (105,276) | (88,416) |
| Interest income | 4,911 | 2,842 | 9,007 | 5,402 |
| Unrealized gain on equity securities | 4,808 | 8,321 | 8,487 | 1,329 |
| Non-cash interest expense related to the sale of future royalties | (7,286) | (442) | (14,470) | (442) |
| Interest and other income (expense), net | (1,758) | (2,915) | (3,971) | (5,901) |
| Loss before provision for income taxes | (48,010) | (38,373) | (106,223) | (88,028) |
| Provision for income taxes | 8 | 151 | 8 | 546 |
| Net loss | $(48,018) | $(38,524) | $(106,231) | $(88,574) |
| Net loss per share, basic and diluted | $(0.59) | $(0.64) | $(1.49) | $(1.49) |
| Weighted-average shares used in computing basic and diluted net loss per share | 81,224,628 | 60,339,475 | 71,341,211 | 59,535,918 |
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