Sagimet Biosciences Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 2025
SGMT$10.89+0.6%Stored close · as of Nov 10, 2026
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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 March 31, | |||||
| | | 2025 | 2024 | |||
| Operating expenses: | | | | | | |
| Research and development | | $15,342 | | $5,262 | ||
| General and administrative | | 4,523 | | 3,506 | ||
| Total operating expenses | | 19,865 | | 8,768 | ||
| Loss from operations | | (19,865) | | (8,768) | ||
| Other income: | | | | | | |
| Interest income and other, net | | | 1,689 | | | 2,139 |
| Total other income | | 1,689 | | 2,139 | ||
| Net loss | | $(18,176) | | $(6,629) | ||
| | | | | | | |
| Net loss per share of Series A and Series B common stock outstanding, basic and diluted | | $(0.56) | | $(0.23) | ||
| Weighted-average shares of Series A and Series B common stock outstanding, basic and diluted | | | 32,195,345 | | 29,039,427 | |
| | | | | | | |
| Net loss | | $(18,176) | | $(6,629) | ||
| Other comprehensive loss: | | | ||||
| Net unrealized loss on marketable securities | | (109) | | (23) | ||
| Total comprehensive loss | | $(18,285) | | $(6,652) | ||
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