earnings
confidence high
sentiment negative
materiality 0.85
Sangamo Q1 net loss $31M; cash only into Q3 2026; stock delisted to OTCQB
SANGAMO THERAPEUTICS, INC
2026-Q1 EPS reported
-$0.08
revenue$1,442,000
- Q1 2026 net loss $31.0M ($0.08/share) vs $30.6M loss in Q1 2025; revenue dropped to $1.4M from $6.4M.
- Cash and cash equivalents $27.6M as of March 31 – expects to fund operations only into Q3 2026.
- Common stock delisted from Nasdaq, now trading on OTCQB; hearing to appeal delisting scheduled June 9.
- Rolling BLA for Fabry gene therapy ST-920 underway; CMC module completion expected summer 2026 subject to funding.
- 2026 GAAP operating expense guidance $110M-$130M; company warns guidance depends on securing additional funding.
item 2.02item 9.01