Septerna Inc

For the period ended Sep 30, 2024. Filed Nov 20, 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 20, 2024

SEPN$52.34+3.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Statements of Operations and Comprehensive Loss

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue	$176	$33	$863	$33
Operating expenses:
Research and development	17,832	9,281	46,020	25,653
General and administrative	4,894	2,792	10,948	6,622
Total operating expenses	22,726	12,073	56,968	32,275
Loss from operations	(22,550)	(12,040)	(56,105)	(32,242)
Other income, net:
Interest income	1,900	1,096	4,709	1,531
Other expense, net	(9)	(1)	(72)	(3)
Total other income, net	1,891	1,095	4,637	1,528
Loss before benefit for income taxes	(20,659)	(10,945)	(51,468)	(30,714)
Benefit for income taxes	136	—	338	—
Net loss attributable to common stockholders	$(20,523)	$(10,945)	$(51,130)	$(30,714)
Net loss per share attributable to common stockholders, basic and diluted	$(8.40)	$(5.45)	$(21.87)	$(16.49)
Weighted-average shares outstanding, basic and diluted	2,443,678	2,007,620	2,337,891	1,862,036
Comprehensive loss:
Net loss	$(20,523)	$(10,945)	$(51,130)	$(30,714)
Net unrealized gain on available-for-sale marketable securities	184	—	176	—
Total other comprehensive income	184	—	176	—
Comprehensive loss	$(20,339)	$(10,945)	$(50,954)	$(30,714)

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