Cue Biopharma Inc. (CUE) reports earnings

Filing submitted on March 31, 2025

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Cue Biopharma Inc. (CUE-5.06%) has filed its annual report on Form 10-K filing for the fiscal year ended December 31, 2024.

The company reported collaboration revenue of $9.3 million for the year, an increase from $5.5 million in the previous year, primarily due to revenue recognized from the Ono Collaboration and Option Agreement.

General and administrative expenses decreased to $14.6 million from $16.7 million, attributed to lower employee compensation and professional fees.

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Research and development expenses were $36.3 million, down from $40.8 million, due to reduced clinical trial costs and employee compensation.

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Net loss for the year was $40.7 million, compared to a net loss of $50.7 million in the prior year.

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The company highlighted its strategic focus on autoimmune programs, including CUE-401 and CUE-501, and is seeking third-party collaborations to advance its oncology programs.

Cue Biopharma continues to rely on collaborations, such as its agreements with LG Chem and Ono, to support its research and development activities.

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The company acknowledges the need for additional capital to fund future operations and maintain its status as a going concern.

The filing outlines various risks, including competition, regulatory challenges, and the need for successful partnerships to achieve commercialization goals.

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This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Cue Biopharma Inc. annual 10-K report dated March 31, 2025. To report an error, please email earnings@qz.com.