SAB Biotherapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 6, 2024
SABS$3.07-1.0%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 Comprehensive Loss
| Three Months Ended September 30, | For The Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Grant revenue | $— | $1,267,361 | $1,207,712 | $1,933,980 |
| Total revenue | — | 1,267,361 | 1,207,712 | 1,933,980 |
| Operating expenses | ||||
| Research and development | 7,830,745 | 4,019,718 | 22,599,998 | 12,217,569 |
| General and administrative | 3,478,621 | 2,570,565 | 11,509,394 | 8,917,960 |
| Total operating expenses | 11,309,366 | 6,590,283 | 34,109,392 | 21,135,529 |
| Loss from operations | (11,309,366) | (5,322,922) | (32,901,680) | (19,201,549) |
| Other income (expense) | ||||
| Changes in fair value of warrant liabilities | 6,171 | 178,758 | 7,691,363 | (96,172) |
| Interest expense | (78,036) | (69,700) | (247,525) | (237,405) |
| Interest income | 277,174 | 14,364 | 1,149,624 | 100,920 |
| Other income | 754,647 | 97,183 | 1,597,608 | 97,183 |
| Total other income (expense) | 959,956 | 220,605 | 10,191,070 | (135,474) |
| Loss before income taxes | (10,349,410) | (5,102,317) | (22,710,610) | (19,337,023) |
| Net loss | $(10,349,410) | $(5,102,317) | $(22,710,610) | $(19,337,023) |
| Other comprehensive income: | ||||
| Unrealized gain, change in fair value of available-for-sale securities, net of tax | $44,172 | $— | $574 | $— |
| Foreign currency translation | $39,314 | — | 25,139 | — |
| Total comprehensive loss | $(10,265,924) | $(5,102,317) | $(22,684,897) | $(19,337,023) |
| Loss per common share attributable to the Company’s shareholders | ||||
| Basic and diluted loss per common share | $(1.12) | $(0.97) | $(2.45) | $(3.79) |
| Weighted-average common shares outstanding – basic and diluted | 9,259,192 | 5,240,600 | 9,252,095 | 5,108,464 |
See accompanying notes to the condensed consolidated financial statements
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