earnings
confidence high
sentiment neutral
materiality 0.60
Korro Bio Q2 net loss $21.8M; cash $187.8M; KRRO-110 FIH filing on track
Korro Bio, Inc.
2024-Q2 EPS reported
-$4.87
- Net loss of $21.8M for Q2 2024, up from $17.6M in Q2 2023, driven by higher R&D and G&A costs.
- Cash, equivalents & marketable securities total $187.8M as of June 30, 2024; runway into H2 2026.
- Regulatory filing for KRRO-110 first-in-human trial in AATD expected in H2 2024.
- Preclinical data showed >70% M-AAT protein in circulation with ~60% sustained editing efficiency.
- Completed $70M private placement in April 2024 to support pipeline development.