GLYCOMIMETICS INC
For the period ended Jun 13, 2025. Filed Jun 18, 2025.
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Jun 13, 2025 · Filed Jun 18, 2025
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Contents
EX-99.2 · 13. Segment Reporting
13. Segment Reporting
The Company has one reportable segment relating to the research and development of its research programs, CR-001, CR-002 and CR-003. The Company’s CODM, its Chief Executive Officer, manages the Company’s operations on a company-wide basis for the allocation of resources and the assessment of performance. The Company’s measure of segment profit or loss used to assess performance and allocate resources is net loss and comprehensive loss. Although the Company’s financial reporting package that is reviewed and approved by the CODM disaggregates significant expenses such as program-level external research and development costs, personnel costs including stock-based compensation expense, and professional and consulting fees, all decisions made by the CODM are based upon reviewing operating metrics and performance indications at the Company-wide level. The CODM uses net loss to evaluate loss generated from the Company’s business activities in deciding how to allocate company resources and monitoring budget versus actual results. Assets are also managed on a Company-wide basis.
The table below is a summary of the segment loss, including significant segment expenses (in thousands):
| CR-001 external research and development costs | $6,740 |
|---|---|
| CR-002 external research and development costs | 1,370 |
| CR-003 external research and development costs | 1,063 |
| General and administrative personnel costs | 1,660 |
| Research and development personnel costs | 1,431 |
| Professional and consulting fees | 1,736 |
| Other segment items (1) | 1,148 |
| Net loss and comprehensive loss | $15,148 |
| (1) | Other expense including interest expense and miscellaneous other expense offset by interest income |
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