secwatch.observer — SEC 8-K summary
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Issuer:     COMPASS Pathways plc (CMPS)
CIK:        0001816590
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007788
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Pathways Q4 2023 net loss $32.5M; COMP005 data delayed to Q4 2024
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- Net loss for FY2023 $118.5M ($2.32/sh) vs $91.5M ($2.16/sh) in 2022.
- Cash $220.2M at Dec 31, 2023; raised additional $31.4M net in Q1 2024.
- COMP005 phase 3 top-line data delayed to Q4 2024; COMP006 still on track for mid-2025.
- Teri Loxam appointed CFO effective March 1, 2024.
- FY2024 net cash used in operations expected $110-130M; runway into late 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816590/000162828024007788/0001628280-24-007788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816590/000162828024007788/cmps-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007788

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer