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Mar 31, 2024
Black Diamond Therapeutics Q1 2024 Earnings Report
Black Diamond Therapeutics reported financial results for the first quarter ended March 31, 2024, and provided a corporate update.
Key Takeaways
Black Diamond Therapeutics reported a net loss of $18.2 million for the first quarter of 2024. The company's cash, cash equivalents, and investments totaled $115.2 million as of March 31, 2024, which is expected to fund operations into Q3 2025.
Initiated dosing of patients with non-classical EGFR mutant NSCLC in the first-line setting for BDTX-1535.
On track to release initial Phase 2 results from the ongoing second/third-line cohorts of BDTX-1535 in Q3 2024.
Presented real-world evidence on the evolving EGFR mutation landscape at the 2024 AACR annual meeting.
Cash, cash equivalents, and investments totaled $115.2 million as of March 31, 2024, expected to fund operations into Q3 2025.
Forward Guidance
Black Diamond expects that its cash, cash equivalents and investments of $115.2 million will be sufficient to fund its anticipated operating expenses and capital expenditure requirements into the third quarter of 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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