Sagimet Biosciences Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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 14, 2024
SGMT$10.89+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Operations and Comprehensive Loss (unaudited)
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands, except for share and per share amounts)
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended September 30, · · Nine Months Ended September 30, | ||||||||||||
| · · 2024 · 2023 · 2024 · 2023 | ||||||||||||
| License revenue | | $— | | $2,000 | | $— | | $2,000 | ||||
| | | | | | | | | | | | | |
| Operating expenses: | | | | | | | | | | | | |
| Research and development | | | 12,653 | | | 4,958 | | | 24,228 | | | 14,121 |
| General and administrative | | 4,249 | | 4,494 | | 12,031 | | 9,153 | ||||
| Total operating expenses | | 16,902 | | 9,452 | | 36,259 | | 23,274 | ||||
| Loss from operations | | (16,902) | | (7,452) | | (36,259) | | (21,274) | ||||
| Other income (expense): | | | | | | | | | | | | |
| Change in fair value of redeemable convertible preferred stock warrant liability | | | — | | | — | | | — | | | (1) |
| Change in fair value of Series A common stock warrant liability | | | — | | | 4 | | | — | | | 4 |
| Interest income and other, net | | | 2,283 | | | 1,095 | | | 6,893 | | | 1,546 |
| Total other income | | 2,283 | | 1,099 | | 6,893 | | 1,549 | ||||
| Net loss | | $(14,619) | | $(6,353) | | $(29,366) | | $(19,725) | ||||
| | | | | | | | | | | | | |
| Net loss per share of Series A and Series B common stock outstanding, basic and diluted | | $(0.45) | | $(0.35) | | $(0.95) | | $(3.22) | ||||
| Weighted-average shares of Series A and Series B common stock outstanding, basic and diluted | | 32,143,336 | | 18,194,682 | | | 31,036,271 | | 6,131,541 | |||
| | | | | | | | | | | | | |
| Net loss | | $(14,619) | | $(6,353) | | $(29,366) | | $(19,725) | ||||
| Other comprehensive income: | | | | | ||||||||
| Net unrealized income on marketable securities | | 464 | | — | | 411 | | 84 | ||||
| Total comprehensive loss | | $(14,155) | | $(6,353) | | $(28,955) | | $(19,641) | ||||
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