Risk Factors Update Summary
- The company may not receive a priority review voucher upon approval for STK-001, STK-002, or future product candidates.
- The company's accumulated deficits increased from $196.1 million in 2021 to $401.2 million in 2023.
- The company's federal and state net operating loss carryforwards increased from approximately $189.5 million and $199.4 million in 2022 to $210.9 million and $212.8 million in 2023, respectively.
- The company's ownership changes may result in the inability to utilize $0.9 million of existing federal NOL due to restrictive limitations.
- The company's net losses increased from $85.8 million in 2021 to $101.1 million in 2022 and further to $104.7 million in 2023.
- The company expects to cease being an emerging growth company by December 31, 2024, following the completion of its IPO.
- The company's annual revenue threshold for being considered a smaller reporting company increased from less than $100.0 million to less than $250.0 million.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1623526&owner=exclude
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