earnings
confidence high
sentiment neutral
materiality 0.60
TScan Therapeutics reports Q4 net loss of $18.7M; cash $120M funds operations into Q2 2024
TScan Therapeutics, Inc.
- Q4 2022 net loss $18.7M vs $14.2M in Q4 2021; FY2022 net loss $66.2M vs $48.6M.
- Q4 2022 revenue $3.1M, up from $2.9M; FY2022 revenue $13.5M (vs $10.1M in 2021).
- Cash and cash equivalents $120.0M as of Dec. 31, 2022; runway into Q2 2024.
- Phase 1 hematologic trial for TSC-100/101 expected to enroll all three arms by mid-2023 with preliminary safety/biomarker data.
- Solid tumor INDs for T-Plex and two TCRs cleared; initial single-agent TCR data expected by year-end 2023.