Metagenomi Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 13, 2024
MGX$0.70-3.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Collaboration revenue | $11,514 | $12,363 | $42,681 | $32,357 |
| Operating expenses: | ||||
| Research and development | 26,256 | 26,837 | 86,015 | 69,648 |
| General and administrative | 7,641 | 7,921 | 24,944 | 21,005 |
| Total operating expenses | 33,897 | 34,758 | 110,959 | 90,653 |
| Loss from operations | (22,383) | (22,395) | (68,278) | (58,296) |
| Other income (expense): | ||||
| Interest income | 3,616 | 3,866 | 11,526 | 11,836 |
| Change in fair value of long-term investments | (2,055) | — | (2,055) | 2,870 |
| Other expense, net | (57) | (85) | (158) | (70) |
| Total other income, net | 1,504 | 3,781 | 9,313 | 14,636 |
| Net loss before benefit (provision) for income taxes | (20,879) | (18,614) | (58,965) | (43,660) |
| Benefit (provision) for income taxes | 2,106 | (1,206) | 4,305 | (5,301) |
| Net loss | $(18,773) | $(19,820) | $(54,660) | $(48,961) |
| Other comprehensive income (loss): | ||||
| Unrealized gain (loss) on available-for-sale marketable securities | 1,904 | 70 | 1,736 | (85) |
| Comprehensive loss | $(16,869) | $(19,750) | $(52,924) | $(49,046) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.51) | $(5.82) | $(1.73) | $(14.38) |
| Weighted average common shares outstanding, basic and diluted | 36,766,309 | 3,404,585 | 31,601,825 | 3,404,585 |
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