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Sutro Biopharma reports Q2 EPS (64c), consensus (73c)

Reports Q2 revenue $10.4M, consensus $12.56M. As of June 30, 2023, Sutro had cash, cash equivalents and marketable securities of $358.3M, as compared to $251.5M as of March 31, 2023, and approximately 0.7M shares of Vaxcyte common stock with a fair value of $33.3M, which together provide a projected cash runway into the first half of 2025, based on current business plans and assumptions.

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