NASDAQ$SGMT
Sagimet Biosciences Inc-A · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Sagimet Biosciences reported financial results for Q2 2024 and provided corporate updates.
Sagimet Biosciences reported their Q2 2024 financial results, highlighting the presentation of positive 52-week data from the Phase 2b FASCINATE-2 clinical trial of denifanstat at the EASL Congress. The company is preparing to initiate a Phase 3 clinical development program for denifanstat in MASH in the second half of 2024. They also announced the addition of two new members to their Board of Directors and anticipate a cash runway through 2025, with $188.5 million in cash, cash equivalents, and marketable securities as of June 30, 2024.
- Presented Phase 2b FASCINATE-2 clinical trial 52-week data at EASL, showing statistically significant fibrosis reduction in advanced F2 and F3 MASH patients and a statistically significant delay in progression to cirrhosis.
- Preparing to initiate a Phase 3 clinical development program for denifanstat in MASH in the second half of 2024.
- Appointed Anne Phillips and Jennifer Jarrett to the Board of Directors, effective August 1, 2024.
- Anticipated cash runway through 2025 with $188.5 million in cash, cash equivalents and marketable securities as of June 30, 2024.
Headline financials
Revenue & EPS history
Sagimet Biosciences · Revenue · Quarterly
$0
Forward guidance
Sagimet Biosciences anticipates a cash runway through 2025 and plans to initiate a Phase 3 clinical development program for denifanstat in MASH in the second half of 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 10 quarterly earnings reports · overlaid with Q2 2024
-3.0%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+17.0%
Avg return
30 days after
43%
6 / 14 earnings
Positive
+16.0%
Q4 2023
Best reaction
-21.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -0.2% | -10.2% | -16.5% | |
| Q3 2025 | -12.5% | -11.3% | -29.4% | |
| Q1 2025 | +6.6% | +7.1% | +118.6% | |
| Q4 2024 | +3.5% | -7.0% | -30.5% | |
| Q3 2024 | -21.4% | -26.7% | -27.1% | |
| Q2 2024 | +3.8% | +6.0% | +39.8% | |
| Q1 2024 | +8.4% | +8.2% | -5.5% | |
| Q1 2023 | +8.4% | +8.2% | -5.5% | |
| Q4 2023 | +16.0% | +20.2% | -7.5% | |
| Q3 2022 | -2.5% | +14.5% | +113.9% | |
| Q3 2023 | -2.5% | +14.5% | +113.9% | |
| Q2 2022 | -16.3% | -5.1% | -8.6% | |
| Q2 2023 | -16.3% | -5.1% | -8.6% | |
| Q4 2022 | -16.3% | -5.1% | -8.6% | |
| Q1 2022 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q1 2020 | — | — | — |
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