Quince Therapeutics Inc
For the period ended Jun 30, 2024. Filed Aug 13, 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.
Jun 30, 2024 · Filed Aug 13, 2024
QNCX$31.73+8.1%Stored close · as of Oct 9, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating expenses: | ||||
| Research and development | $4,147 | $1,353 | $7,849 | $4,583 |
| General and administrative | 4,695 | 4,231 | 9,666 | 8,057 |
| Goodwill impairment charge | 17,130 | — | 17,130 | — |
| Intangible asset impairment charge | — | — | — | 5,900 |
| Fair value adjustment for contingent consideration | 2,220 | — | 4,765 | — |
| Total operating expenses | 28,192 | 5,584 | 39,410 | 18,540 |
| Loss from operations | (28,192) | (5,584) | (39,410) | (18,540) |
| Fair value adjustment for long-term debt | (415) | — | (803) | — |
| Interest income | 823 | 805 | 1,710 | 1,505 |
| Other income (expense), net | 91 | (107) | (308) | (353) |
| Net loss before income tax benefit | (27,693) | (4,886) | (38,811) | (17,388) |
| Income tax (expense) benefit | (36) | — | (67) | 248 |
| Net loss | (27,729) | (4,886) | (38,878) | (17,140) |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustments | (726) | 59 | (1,955) | 152 |
| Unrealized gain (loss) on available-for-sale securities | (12) | 160 | (5) | 394 |
| Total comprehensive loss | $(28,467) | $(4,667) | $(40,838) | $(16,594) |
| Net loss per share - basic and diluted | $(0.64) | $(0.14) | $(0.90) | $(0.48) |
| Weighted average shares of common stock outstanding - basic and diluted | 43,096,374 | 35,917,592 | 43,053,351 | 35,886,568 |
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