earnings
confidence high
sentiment neutral
materiality 0.60
Black Diamond Q3 2022 net loss $21.7M; cash $144.2M into Q3 2024
Black Diamond Therapeutics, Inc.
2022-Q3 EPS reported
-$1.93
- Net loss $21.7M vs $35.1M YoY; R&D expenses fell to $15.8M from $27.6M.
- Cash, equivalents & investments $144.2M at Sep 30, 2022, vs $209.8M Dec 31, 2021.
- Net cash used in operations $16.5M for Q3 vs $26.5M a year ago; runway through Q3 2024.
- BDTX-1535 clinical update expected in 2023; IND for BDTX-4933 planned H1 2023.
- Appointed Melanie Morrison as SVP Development Operations in October 2022.