earnings
confidence high
sentiment neutral
materiality 0.60
Boundless Bio Q1 net loss $15.4M; cash $105M; IPO adds $100M; BBI-825 trial dosed
Boundless Bio, Inc.
2024-Q1 EPS reported
-$12.27
- Net loss $15.4M in Q1 2024 vs $11.7M in Q1 2023; R&D expenses $13.1M vs $9.5M.
- Cash & investments $104.9M at March 31; April IPO grossed $100M from 6.25M shares, extending runway into 2H 2026.
- BBI-355 POTENTIATE trial advanced to Part 2 combining with EGFR or FGFR inhibitors in oncogene-amplified tumors.
- First patient dosed in BBI-825 Phase 1/2 STARMAP trial targeting resistance gene amplifications.