earnings
confidence high
sentiment positive
materiality 0.60
MiNK Therapeutics reports FY2024 net loss of $10.8M, improved from $22.5M in 2023
MiNK Therapeutics, Inc.
- Net loss for FY2024 was $10.8M ($2.86/diluted share) vs $22.5M ($6.54/share) in 2023.
- Cash and cash equivalents at Dec 31, 2024 were $4.6M, up from $3.4M at year-end 2023.
- Cash used in operations for FY2024 was $9.6M, compared to $15.8M in 2023.
- Clinical progress: AgenT-797 Phase 2 gastric cancer trial enrolling; ARDS data showed ~80% survival in VV ECMO patients.
- Raised $5.8M in private financing in 2024; collaboration with Autonomous Therapeutics for RNA-iNKT therapies.