earnings
confidence high
sentiment neutral
materiality 0.60
Bolt Biotherapeutics reports Q4/FY2023 results; cash $128.6M funds through late 2025
Bolt Biotherapeutics, Inc.
- Cash, cash equivalents, and marketable securities at $128.6M as of Dec 31, 2023; expected to fund through late 2025.
- Collaboration revenue $2.1M in Q4 and $7.9M for FY2023, up from $1.4M and $5.7M prior year.
- Loss from operations improved to $19.8M (Q4) and $76.2M (FY2023) vs $21.0M and $90.3M.
- BDC-1001 Phase 2 advancing in five HER2-positive tumor cohorts; 29% ORR at RP2D reported at ESMO 2023.
- BDC-3042 Phase 1 cleared three dose levels without DLT; now enrolling fourth cohort.