earnings
confidence high
sentiment neutral
materiality 0.65
Compass Therapeutics reports FY2024 net loss of $49.4M; tovecimig data expected end Q1 2025
Compass Therapeutics, Inc.
- Net loss $49.4M ($0.36/shr) vs $42.5M ($0.33) in 2023; R&D expense $42.3M (+11%).
- Cash and marketable securities $127M, down from $152M; cash runway into 2027.
- Top-line data from COMPANION-002 (tovecimig in BTC) on track for end of Q1 2025.
- Phase 2 trials for tovecimig in DLL4+ CRC and CTX-471 in NCAM+ tumors expected mid-2025.
- CTX-10726 IND filing expected year-end 2025; CTX-8371 Phase 1 third cohort enrolled, no DLTs.