Nkarta Q1 net loss $29.5M; cash $450M; NKX019 lupus dosing on track

Nkarta, Inc.

2024-Q1 EPS reported -$0.58

Cash, equivalents and investments of $450.0M at March 31, 2024, including $240.1M from March offering.
Net loss of $29.5M ($0.58 per share) for Q1 2024; R&D expense $25.2M, G&A $7.5M.
First patient dosing with NKX019 in lupus nephritis expected H1 2024; IND cleared 4Q2023.
Preliminary NKX019 compressed dosing data in NHL expected mid-2024; 4/4 re-treated patients achieved CR.
Cash runway expected to fund operations into late 2027.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Nkarta, Inc. reported the first quarter ended March 31, 2024 results: net income Net loss was $29.5 million, or $0.58 per basic and diluted share, for the first quarter of 2024., EPS $0.58 per basic and diluted share.

Period: the first quarter ended March 31, 2024
Net income: Net loss was $29.5 million, or $0.58 per basic and diluted share, for the first quarter of 2024.
EPS: $0.58 per basic and diluted share
Result: reported results

Exact text from the filing

Nkarta, Inc. (Nasdaq: NKTX), a clinical-stage biopharmaceutical company developing engineered natural killer (NK) cell therapies, today reported financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950170-24-056870

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