STRO
Sutro Biopharma, Inc.9.81
-0.12-1.21%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
83.58MP/E (TTM)
-Basic EPS (TTM)
-26.00Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
8-K
Restructuring extends cash runway
Sutro Biopharma announced an organizational restructuring on September 29, 2025, slashing its workforce by about one-third to sharpen focus on three preclinical ADC programs and R&D collaborations. This move, paired with expected milestone payments, stretches the cash runway into mid-2027, past initial STRO-004 clinical data in 2026. Restructuring costs hit $4.1 million to $4.3 million, mostly in Q4 2025. Yet actual outcomes hinge on assumptions.
10-Q
Q2 FY2025 results
Sutro Biopharma's Q2 FY2025 revenue surged 148% y/y to $63.7M, driven by $56.1M from Ipsen after their decision to halt STRO-003 development, while Astellas revenue dipped 70% y/y to $7.4M amid ongoing R&D services. Operating loss narrowed sharply to $3.3M from $48.7M y/y, thanks to 38% lower R&D spend and $18.4M in restructuring costs tied to deprioritizing luvelta and exiting internal manufacturing by year-end. Net loss improved to $11.5M ($0.14/share) from $48.0M ($0.59/share) y/y, with EPS aligning to 84.6M diluted shares. Cash and equivalents fell to $64.0M from $190.3M at year-end, but $205.1M total liquidity supports operations through at least 12 months; free cash flow not disclosed in the 10-Q. Restructuring should extend runway, yet Nasdaq delisting risk looms if shares stay below $1.00.
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