Synlogic Reports Third Quarter 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
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Source: Newsfilter
Financial Performance: Synlogic, Inc. reported no revenue for Q3 2024, down from $0.4 million in Q3 2023, with a net loss of $(0.1) million compared to $(12.1) million the previous year. The company had cash and equivalents of $19.4 million as of September 30, 2024.
Strategic Review: The company has engaged Lucid Capital Markets to explore strategic options, including potential mergers or acquisitions, but has not set a timeline for this review or made any decisions regarding future actions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
