earnings
confidence high
sentiment negative
materiality 0.65
Shattuck Labs reports Q4 2022 net loss of $25.4M, discontinues SL-279252 program
Shattuck Labs, Inc.
2022-FY EPS reported
-$2.41
revenue$652,000
- Net loss Q4 2022 $25.4M ($0.60/share) vs net income $7.8M in Q4 2021; full-year net loss $101.9M.
- Cash and investments $161.3M at Dec 31, 2022, down from $268.8M; cash runway into H2 2024.
- Discontinued SL-279252 program after Phase 1 failed to meet 20% response rate threshold.
- Initiated Phase 1B trial of SL-172154 + mirvetuximab soravtansine in ovarian cancer; dosed first patients with azacitidine in AML/HR-MDS.
- Appointed Dr. George Fromm as CSO of ARC platform and Dr. Suresh de Silva as CSO of GADLEN platform.