earnings
confidence high
sentiment neutral
materiality 0.70
Compass Therapeutics reports FY2023 net loss of $42.5M; CTX-009 data expected by end 2024
Compass Therapeutics, Inc.
- Net loss $42.5M ($0.33/share) vs $39.2M loss in 2022; R&D expenses rose 27% to $38.1M.
- Cash and marketable securities $152.5M at Dec 31, 2023; runway into mid-2026.
- CTX-009 Phase 2/3 BTC study (COMPANION-002) enrollment ongoing; top-line data expected year-end 2024.
- CTX-009 Phase 2 CRC study (COMPANION-003) Stage 1 enrollment complete; top-line data mid-2024.
- CTX-471 Phase 2 monotherapy planning underway for melanoma with novel biomarker; combination arm with KEYTRUDA enrolling.