Galecto Inc. (GLTO) Financial Statements (2024 and earlier)

Company Profile

Business Address 75 STATE STREET
BOSTON, MA 02109
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,151,00060,224,000100,191,000163,582,000
Cash and cash equivalents21,465,00032,786,00062,563,000163,582,000
Short-term investments11,686,00027,438,00037,628,000 
Receivables280,000587,000598,000401,000
Prepaid expense859,000857,0002,062,0001,884,000
Other undisclosed current assets2,484,0002,242,0007,251,0003,428,000
Total current assets:36,774,00063,910,000110,102,000169,295,000
Noncurrent Assets
Operating lease, right-of-use asset247,000810,000834,000885,000
Property, plant and equipment78,000357,000203,000 
Long-term investments and receivables  5,832,0009,048,000 
Long-term investments  5,832,0009,048,000 
Restricted cash and investments    254,000
Other noncurrent assets1,128,0002,279,0002,028,0001,162,000
Total noncurrent assets:1,453,0009,278,00012,113,0002,301,000
TOTAL ASSETS:38,227,00073,188,000122,215,000171,596,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,830,00011,107,0004,544,0005,566,000
Accounts payable1,702,0003,350,0001,531,0002,851,000
Accrued liabilities4,128,0007,757,0003,013,0002,715,000
Total current liabilities:5,830,00011,107,0004,544,0005,566,000
Noncurrent Liabilities
Long-term debt and lease obligation:   448,000541,000
Liabilities, other than long-term debt 66,000328,000  
Operating lease, liability 66,000328,000448,000541,000
Other undisclosed noncurrent liabilities   (448,000)(541,000)
Total noncurrent liabilities: 66,000328,000448,000541,000
Total liabilities:5,896,00011,435,0004,992,0006,107,000
Equity
Equity, attributable to parent32,331,00061,753,000117,223,000165,489,000
Additional paid in capital288,036,000279,733,000273,655,000269,175,000
Accumulated other comprehensive income (loss)380,000(244,000)(320,000)674,000
Accumulated deficit(256,085,000)(217,736,000)(156,112,000)(104,360,000)
Total equity:32,331,00061,753,000117,223,000165,489,000
TOTAL LIABILITIES AND EQUITY:38,227,00073,188,000122,215,000171,596,000

Income Statement (P&L) (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Operating expenses(39,905,000)(61,207,000)(52,227,000)(33,637,000)
Other undisclosed operating income    67,274,000
Operating income (loss):(39,905,000)(61,207,000)(52,227,000)33,637,000
Nonoperating income (expense)1,556,000(417,000)475,000(1,200,000)
Gain (loss), foreign currency transaction, before tax(197,000)(1,069,000)319,000(1,200,000)
Income (loss) from continuing operations before equity method investments, income taxes:(38,349,000)(61,624,000)(51,752,000)32,437,000
Other undisclosed loss from continuing operations before income taxes    (67,274,000)
Loss from continuing operations:(38,349,000)(61,624,000)(51,752,000)(34,837,000)
Loss before gain (loss) on sale of properties:(51,752,000)(34,837,000)
Other undisclosed net income    
Net loss:(38,349,000)(61,624,000)(51,752,000)(34,837,000)
Other undisclosed net loss attributable to parent    
Net loss available to common stockholders, diluted:(38,349,000)(61,624,000)(51,752,000)(34,837,000)

Comprehensive Income (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(38,349,000)(61,624,000)(51,752,000)(34,837,000)
Other comprehensive income624,00076,000  
Comprehensive loss:(37,725,000)(61,548,000)(51,752,000)(34,837,000)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (994,000)3,125,000
Comprehensive loss, net of tax, attributable to parent:(37,725,000)(61,548,000)(52,746,000)(31,712,000)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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