Sagimet Biosciences Inc
For the period ended Mar 31, 2024. Filed May 15, 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.
Mar 31, 2024 · Filed May 15, 2024
SGMT$10.89+0.6%Stored close · as of Nov 10, 2026
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Condensed Statements of Operations and Comprehensive Loss
(in thousands, except for share and per share amounts)
| · · · · · · | ||||
|---|---|---|---|---|
| | Three Months Ended March 31, | |||
| · · 2024 · 2023 | ||||
| Operating expenses: · · · · · · | ||||
| Research and development | | $5,262 | | $4,487 |
| General and administrative | | 3,506 | | 2,278 |
| Total operating expenses | | 8,768 | | 6,765 |
| Loss from operations | | (8,768) | | (6,765) |
| Other income, net: | | | ||
| Change in fair value of stock warrant liability | | — | | (2) |
| Interest income and other | | 2,139 | | 180 |
| Total other income, net | | 2,139 | | 178 |
| Net loss | | $(6,629) | | $(6,587) |
| Other comprehensive gain (loss): | | | ||
| Net unrealized gain (loss) on marketable securities | | (23) | | 71 |
| Total other comprehensive gain (loss) | | (23) | | 71 |
| Comprehensive loss | | $(6,652) | | $(6,516) |
| Net loss per share, basic and diluted | | $(0.23) | | $(35.58) |
| Weighted-average shares outstanding, basic and diluted | | 29,039,427 | | 185,137 |
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