earnings
confidence high
sentiment neutral
materiality 0.70
Bicycle Therapeutics reports Q3 net loss $28.3M; cash $361.5M; clinical pipeline progressing
BICYCLE THERAPEUTICS PLC
2022-Q3 EPS reported
-$2.79
revenue$11,278,000
- Net loss of $28.3M ($0.96 per share) vs $14.7M ($0.59) in Q3 2021.
- Cash and equivalents $361.5M at Sep 30, 2022 ($438.7M Dec 31, 2021); runway into 2025.
- R&D expenses $22.8M (up from $10.5M) driven by BT5528, BT8009, and platform costs.
- Received $10M option fee from Genentech for expansion of immuno-oncology collaboration.
- BT5528 showed 22% ORR in ovarian, 67% in urothelial; expansion enrollment on track for Q4 2022.