Synlogic posts Q1 net loss of $31.6M; retains advisor to explore strategic alternatives

SYNLOGIC, INC.

Retained Lucid Capital Markets to evaluate acquisition, merger, or other strategic transaction.
Cash and short-term securities of $32.3M as of March 31, 2024.
Net loss of $31.6M ($2.60 per share) versus $15.6M ($3.39) in Q1 2023.
Restructuring charge of $28.2M related to discontinuation of Phase 3 PKU study of SYNB1934.
R&D expenses fell to $7.7M from $12.5M; G&A to $2.9M from $4.0M year-over-year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SYNLOGIC, INC. reported the quarter ended March 31, 2024 results: revenue $0.01 million, net income consolidated net loss of $31.6 million, or $2.60 per share, EPS $2.60 per share.

Period: the quarter ended March 31, 2024
Revenue: $0.01 million
Net income: consolidated net loss of $31.6 million, or $2.60 per share
EPS: $2.60 per share
Result: reported results

Exact text from the filing

transaction. First Quarter 2024 Financial Results As of March 31, 2024 Synlogic had cash, cash equivalents, and short-term marketable securities of $32.3 million. Revenue was $0.01 million for the three months ended March 31, 2024, compared to $0.2 million for the corresponding period in 2023. Revenue for the three months ended March 31, 2024 was related to a

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

SYNLOGIC, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-059063

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.