Sagimet Biosciences Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
SGMT$10.83+9.9%Stored close · as of Nov 9, 2026
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Statements of Operations and Comprehensive Loss
(in thousands, except for share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| | Years Ended December 31, | |||||
| · · 2024 · 2023 | ||||||
| License revenue | | $— | | $2,000 | ||
| | | | | | | |
| Operating expenses: | | | | | | |
| Research and development | | | 38,444 | | | 19,777 |
| General and administrative | | 16,010 | | 12,963 | ||
| Total operating expenses | | 54,454 | | 32,740 | ||
| Loss from operations | | (54,454) | | (30,740) | ||
| Other income: | | | | | | |
| Change in fair value of Series A common stock warrant liability | | | — | | | 4 |
| Interest income and other, net | | | 8,887 | | | 2,860 |
| Total other income | | 8,887 | | 2,864 | ||
| Net loss | | $(45,567) | | $(27,876) | ||
| | | | | | | |
| Net loss per share of Series A and Series B common stock outstanding, basic and diluted | | $(1.45) | | $(2.66) | ||
| Weighted-average shares of Series A and Series B common stock outstanding, basic and diluted | | | 31,350,725 | | 10,460,335 | |
| | | | | | | |
| Net loss | | $(45,567) | | $(27,876) | ||
| Other comprehensive income: | | | ||||
| Net unrealized income on marketable securities | | 200 | | 114 | ||
| Total comprehensive loss | | $(45,367) | | $(27,762) | ||
STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND
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