IN8bio reports Q4 2023 net loss of $7.6M and cash of $21.3M; highlights positive clinical data

IN8BIO, INC.

Q4 2023 net loss $7.6M ($0.22 per share) vs Q4 2022 net loss $7.8M ($0.32 per share).
Full-year 2023 net loss $30.0M ($1.00 per share); R&D expenses increased to $16.8M.
Cash $21.3M as of Dec 31, 2023 vs $18.2M a year earlier; private placement extended runway into 1Q 2025.
100% of evaluable leukemia patients (n=10) in INB-100 Phase 1 remained in remission as of Nov 3, 2023.
Appointed Dr. Corinne Epperly, M.D., M.P.H. to Board of Directors.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IN8BIO, INC. reported the fourth quarter and fiscal year ended December 31, 2023 results: net income a net loss of $7.6 million, or $0.22 per basic and diluted common share, for the three months ended December 31, 2023, EPS $0.22 per basic and diluted common share.

Period: the fourth quarter and fiscal year ended December 31, 2023
Net income: a net loss of $7.6 million, or $0.22 per basic and diluted common share, for the three months ended December 31, 2023
EPS: $0.22 per basic and diluted common share
Result: reported results

Exact text from the filing

IN8bio, Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-031478

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