---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-093291"
form_type: "8-K"
ticker: "SYBX"
cik: "0001527599"
company_name: "SYNLOGIC, INC."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:52:51.950044+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Synlogic reports Q2 net income $2M on restructuring gain; exploring strategic options

## Summary
- Cash and equivalents $20.0M as of June 30, 2024.
- Net income $2.0M ($0.16/share) vs net loss $15.0M ($3.21/share) in Q2 2023; revenue zero.
- R&D expenses fell to $2.2M from $11.8M YoY; restructuring gain of $3.8M from lease termination.
- Retained Lucid Capital Markets to evaluate strategic alternatives including acquisition or merger.
- In Feb 2024, discontinued pivotal PKU study (Synpheny-3) and reduced workforce.

## SEC filing metadata
- accession: 0000950170-24-093291
- form_type: 8-K
- ticker: SYBX
- cik: 0001527599
- company_name: SYNLOGIC, INC.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527599/000095017024093291/0000950170-24-093291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527599/000095017024093291/sybx-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-093291
- JSON: https://secwatch.observer/filing/0000950170-24-093291.json
- Plain text: https://secwatch.observer/filing/0000950170-24-093291.txt

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