earnings
confidence high
sentiment neutral
materiality 0.50
Intensity Therapeutics FY 2023 net loss $10.5M; cash $14.8M funds ops through Q1 2025
INTENSITY THERAPEUTICS, INC.
- Net loss $10.5M in 2023 vs $7.6M in 2022; includes $2.3M non-cash loss on debt conversion.
- Year-end cash & investments $14.8M; company expects runway to end of Q1 2025.
- R&D expenses $4.8M (vs $5.1M); G&A $3.5M (vs $2.4M) due to public-company costs.
- Phase 3 sarcoma trial (INVINCIBLE-3) targeting 333 patients, overall survival endpoint; enrollment starts mid-2024.
- Phase 2/3 breast cancer program (INVINCIBLE-4) to begin mid-2024; endpoint pathological complete response rate.