Galecto Inc

For the period ended Sep 30, 2024. Filed Nov 1, 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.

Sep 30, 2024 · Filed Nov 1, 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 EndedSeptember 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Operating expenses
Research and development	$1,093	$2,551	$5,390	$21,002
General and administrative	2,747	3,304	8,800	9,504
Restructuring costs	—	2,728	968	2,728
Total operating expenses	3,840	8,583	15,158	33,234
Loss from operations	(3,840)	(8,583)	(15,158)	(33,234)
Other income, net
Interest income, net	146	473	616	1,349
Foreign exchange transaction gain (loss), net	(182)	(26)	(107)	11
Total other income, net	(36)	447	509	1,360
Loss before income tax expense	(3,876)	(8,136)	(14,649)	(31,874)
Income tax expense	7	—	49	—
Net loss	$(3,883)	$(8,136)	$(14,698)	$(31,874)
Net loss per common share, basic and diluted	$(3.39)	$(7.50)	$(13.30)	$(30.19)
Weighted-average number of shares used in computing net loss per common share, basic and diluted	1,144,978	1,084,191	1,104,849	1,055,679
Other comprehensive income, net of tax
Currency translation gain	468	127	251	117
Unrealized gain on marketable securities	—	56	34	173
Other comprehensive income, net of tax	468	183	285	290
Total comprehensive loss	$(3,415)	$(7,953)	$(14,413)	$(31,584)

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.