---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-059063"
form_type: "8-K"
ticker: "SYBX"
cik: "0001527599"
company_name: "SYNLOGIC, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:46:44.980686+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-059063
- form_type: 8-K
- ticker: SYBX
- cik: 0001527599
- company_name: SYNLOGIC, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527599/000095017024059063/0000950170-24-059063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527599/000095017024059063/sybx-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-059063
- JSON: https://secwatch.observer/filing/0000950170-24-059063.json
- Plain text: https://secwatch.observer/filing/0000950170-24-059063.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527599/000095017024059063/0000950170-24-059063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.