SUTRO BIOPHARMA INC
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 13, 2025
STRO$10.61+10.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
(in thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $62,043 | $153,731 | $67,772 |
| Operating expenses | |||
| Research and development | 252,043 | 180,425 | 137,171 |
| General and administrative | 48,453 | 62,584 | 59,544 |
| Total operating expenses | 300,496 | 243,009 | 196,715 |
| Loss from operations | (238,453) | (89,278) | (128,943) |
| Interest income | 18,643 | 14,510 | 3,455 |
| Unrealized gain on equity securities | - | 9,917 | 12,130 |
| Non-cash interest expense related to the sale of future royalties | (31,070) | (12,570) | - |
| Interest and other income (expense), net | 25,782 | (11,180) | (3,346) |
| Loss before provision for income taxes | (225,098) | (88,601) | (116,704) |
| Provision for income taxes | 2,363 | 18,192 | 2,500 |
| Net loss | $(227,461) | $(106,793) | $(119,204) |
| Net loss per share, basic and diluted | $(2.96) | $(1.78) | $(2.35) |
| Weighted-average shares used in computing basic and diluted net loss per share | 76,829,198 | 60,163,542 | 50,739,185 |
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