Foghorn Therapeutics Inc
For the period ended Mar 31, 2024. Filed May 6, 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 6, 2024
FHTX$1.90-6.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Collaboration revenue | $5,050 | $5,309 |
| Operating expenses: | ||
| Research and development | 25,534 | 29,985 |
| General and administrative | 7,710 | 8,641 |
| Total operating expenses | 33,244 | 38,626 |
| Loss from operations | (28,194) | (33,317) |
| Other income, net: | ||
| Interest income | 2,439 | 2,669 |
| Other income, net | 739 | 720 |
| Total other income, net | 3,178 | 3,389 |
| Loss before income taxes | (25,016) | (29,928) |
| Provision for income taxes | — | (560) |
| Net loss | $(25,016) | $(30,488) |
| Net loss per share attributable to common stockholders—basic and diluted | $(0.59) | $(0.73) |
| Weighted average common shares outstanding—basic and diluted | 42,428,813 | 41,811,087 |
| Comprehensive loss: | ||
| Net loss | $(25,016) | $(30,488) |
| Other comprehensive gain: | ||
| Unrealized gains on marketable securities | 329 | 1,116 |
| Total other comprehensive gain | 329 | 1,116 |
| Total comprehensive loss | $(24,687) | $(29,372) |
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