Compass Therapeutics Reports 2023 Financial Results and Provides Corporate Update
Ended 2023 with $152 million in cash and marketable securities, which is expected to provide cash runway into mid-year 2026.
- Ended 2023 with $152 million in cash and marketable securities, which is expected to provide cash runway into mid-year 2026.
- BOSTON, March 21, 2024 (GLOBE NEWSWIRE) -- Compass Therapeutics, Inc. (Nasdaq: CMPX), a clinical-stage, oncology-focused biopharmaceutical company developing proprietary antibody-based therapeutics to treat multiple human diseases, today reported full 2023 financial results and provided business update.
- The increase was primarily attributable to higher stock compensation expense of $1.0 million offset by lower insurance costs of $0.3 million.
- During 2023, the Company decreased its cash position by $34.1 million, primarily from $40.6 million of net cash used in operating activities.