earnings
confidence high
sentiment neutral
materiality 0.60
Bolt Biotherapeutics Q3 2023: cash $141.4M, BDC-1001 29% ORR, BDC-3042 dosed
Bolt Biotherapeutics, Inc.
2023-Q3 EPS reported
-$1.36
revenue$5,787,000
- Cash, cash equivalents and marketable securities of $141.4M as of Sept 30, 2023; expected to fund operations through 2025.
- Collaboration revenue $2.5M (vs $2.1M Q3 2022); R&D expenses $15.0M (down from $19.0M).
- Loss from operations of $18.2M vs $22.3M in prior year quarter.
- BDC-1001 Phase 1 updated data: 29% ORR monotherapy; first complete response; well tolerated; Orphan Drug Designation for gastric cancers.
- First patient dosed with BDC-3042 in Phase 1/2 for advanced solid tumors.