earnings
confidence high
sentiment neutral
materiality 0.70
Compass Therapeutics Q1 net loss $10.8M; cash $156.3M; FDA Fast Track for CTX-009
Compass Therapeutics, Inc.
- Net loss $10.8M ($0.08/share) vs $7.8M ($0.06) in Q1 2023; R&D expenses rose to $9.5M.
- Cash and marketable securities $156.3M at March 31, 2024; cash runway into late 2026.
- FDA Fast Track for CTX-009 in BTC; COMPANION-002 enrollment to complete mid-2024, data Q1 2025.
- Stage 1 of COMPANION-003 (CRC) enrollment complete; top-line data expected by mid-2024.
- CTX-8371 first patient dosed in April 2024; Phase 2 planned for CTX-471 in melanoma with biomarker.