earnings
confidence high
sentiment neutral
materiality 0.55
MiNK Therapeutics Q3 2022 net loss $6.3M, cash $24.2M; pipeline and R&D day updates
MiNK Therapeutics, Inc.
2022-Q3 EPS reported
-$0.60
- Net loss $6.3M ($0.19/share) in Q3 2022 vs $14.3M ($0.59/share) in Q3 2021; nine-month loss $20.2M.
- Cash $24.2M at Sep 30, 2022, down from $38.9M at Dec 31, 2021; cash used in ops $14.4M in nine months.
- Five abstracts accepted at SITC 2022; R&D day Nov 10, 2022 featuring external experts.
- R&D expenses rose to $6.15M from $3.33M in Q3 2021 due to internal cGMP manufacturing scale-up.
- No revenue or guidance; clinical-stage biotech advancing allogeneic iNKT cell therapies.