secwatch.observer — SEC 8-K summary
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Issuer:     COMPASS Pathways plc (CMPS)
CIK:        0001816590
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001628280-23-036181
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

COMPASS Pathways Q3 net loss $33.4M; COMP360 Phase 3 on track; cash $248M
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- Net loss $33.4M ($0.67/share) for Q3 2023 vs $18.4M ($0.43) YoY; R&D expenses rose to $21.5M.
- Cash and equivalents $248.0M at Sept 30, 2023; raised $125M upfront from private placement with up to $160M more if warrants exercised.
- Phase 3 COMP005 top-line data expected summer 2024; COMP006 top-line expected mid-2025; Phase 2 PTSD data by end of 2023.
- Full-year 2023 net cash burn guidance lowered to $79M-$85M; Q4 expected $9M-$15M.
- Mike Falvey departed; Mary-Rose Hughes named interim CFO; search for permanent CFO underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816590/000162828023036181/0001628280-23-036181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816590/000162828023036181/cmps-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036181

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