Mar 31, 2022

Sana Q1 2022 Earnings Report

Sana Biotechnology reported financial results and business highlights

Key Takeaways

Sana Biotechnology reported a net loss of $31.4 million, or $0.17 per share, for the first quarter of 2022. The company's cash, cash equivalents, and marketable securities totaled $657.4 million as of March 31, 2022. Significant progress was made towards clinical trials for programs across multiple platforms.

Advanced towards clinical trials for ex vivo hypoimmune allogeneic CAR T and in vivo fusogen CAR T programs.

Remain on track to file INDs for both ex vivo hypoimmune allogeneic CAR T and in vivo fusogen CAR T programs this year.

Expanded CAR T capability to potentially develop best-in-class, broadly accessible CAR T cell therapies.

Presented preclinical data at the 2022 American Association for Cancer Research Annual Meeting.

EPS
-$0.47
Previous year: -$0.45
+4.4%
Non-GAAP Operating Cash Burn
-$82M
Previous year: -$48.9M
+67.8%
Cash and Equivalents
$657M
Previous year: $982M
-33.0%
Free Cash Flow
-$85.2M
Total Assets
$1.05B
Previous year: $1.3B
-19.7%

Sana

Sana

Forward Guidance

Sana Biotechnology expects to file INDs this year for ex vivo hypoimmune allogeneic CAR T and in vivo fusogen CAR T.