Senti Biosciences 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
SNTI$0.14-11.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Contract revenue | $— | $687 | $— | $1,723 |
| Grant income | — | 250 | — | 500 |
| Total revenue | — | 937 | — | 2,223 |
| Operating expenses | ||||
| Research and development (including related party cost of $3,637 and $—, $7,269 and $—respectively) | 9,151 | 6,876 | 17,929 | 13,936 |
| General and administrative | 4,205 | 9,249 | 11,728 | 18,440 |
| Total operating expenses | 13,356 | 16,125 | 29,657 | 32,376 |
| Loss from operations | (13,356) | (15,188) | (29,657) | (30,153) |
| Other income (expense) | ||||
| Interest income, net | 236 | 794 | 568 | 1,855 |
| Change in fair value of contingent earnout liability | — | 148 | — | 207 |
| Change in fair value of GeneFab Note Receivable - related party | 166 | — | 195 | — |
| Change in fair value of GeneFab Economic Share - related party | (1,473) | — | (1,418) | — |
| Change in fair value of GeneFab Option - related party | 1,631 | — | 3,945 | — |
| GeneFab sublease income - related party | 1,587 | — | 3,047 | — |
| Other income (expense) | 6 | (4) | 6 | (12) |
| Total other income, net | 2,153 | 938 | 6,343 | 2,050 |
| Net loss from continuing operations | (11,203) | (14,250) | (23,314) | (28,103) |
| Net loss from discontinued operations | — | (4,447) | — | (9,316) |
| Net loss | (11,203) | (18,697) | (23,314) | (37,419) |
| Other comprehensive loss | ||||
| Unrealized loss on investments | — | (3) | — | (1) |
| Comprehensive loss | $(11,203) | $(18,700) | $(23,314) | $(37,420) |
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net loss per share, basic and diluted | ||||
| Net loss per share from continuing operations, basic and diluted | $(2.45) | $(3.22) | $(5.10) | $(6.36) |
| Net loss per share from discontinued operations, basic and diluted | — | (1.00) | — | (2.11) |
| Net loss per share, basic and diluted | $(2.45) | $(4.22) | $(5.10) | $(8.47) |
| Weighted-average shares outstanding, basic and diluted | 4,572,010 | 4,427,726 | 4,571,377 | 4,417,411 |
All periods presented have been retroactively adjusted to reflect the 1-for-10 reverse stock split effected on July 17, 2024. Refer to Note 2. Summary of Significant Accounting Policies for further information.
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