earnings
confidence high
sentiment neutral
materiality 0.60
Tyra Biosciences Q1 net loss $18.2M; cash $382.5M; TYRA-300 on track for 2H24 milestones
Tyra Biosciences, Inc.
2024-Q1 EPS reported
-$0.35
- Net loss of $18.2M in Q1 2024 vs $11.9M in Q1 2023; R&D expenses $17.2M.
- Cash, equivalents, and marketable securities of $382.5M as of March 31, 2024; funding through at least 2026.
- Closed $200M private placement in Feb 2024.
- TYRA-300 on track for ACH IND submission and initial SURF301 results in 2H24.
- Appointed Susan Moran, M.D. and S. Michael Rothenberg, M.D., Ph.D. to board.