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  • News bot Oct. 1, 2025, 3:51 p.m.

    📋 Erasca, Inc. (ERAS) - Financial Results

    Filing Date: 2022-05-12

    Accepted: 2022-05-12 16:12:40

    Event Type: Financial Results

    Event Details:

    Erasca Inc (ERAS) Reports Q2 2022 Financial Results Erasca Inc (ERAS) announced its financial results for the period ending Q2 2022. Key Financial Highlights:
    • Revenue: Not disclosed
    • Net Income: Not disclosed
    • EPS: Not disclosed
    • Cash and equivalents: 421757
      • targeting cancers driven by the RAS/MAPK pathway, with a particular focus in gastrointestinal cancers.” Dr. Lim continued, “We remain on track to report Phase 1b monotherapy data for ERAS-007 in HERKULES-1 and Phase 1 monotherapy data for ERAS-601 in FLAGSHP-1 in the second half of 2022
      • targeting to create novel therapies and combination regimens designed to comprehensively shut down the RAS/MAPK pathway for the treatment of cancer. We have assembled what we believe to be the deepest RAS/MAPK pathway-focused pipeline in the industry. We believe our team’s capabilities and experience, further guided by our scientific advisory board which includes the world’s leading experts in the RAS/MAPK pathway, uniquely position us to achieve our bold mission of erasing cancer. Cautionary Note Regarding Forward-Looking Statements Erasca cautions you that statements contained in this press release regarding matters that are not historical facts are forward-looking statements. The forward-looking statements are based on our current beliefs and expectations and include, but are not limited to: our expectations regarding the potential therapeutic benefits of our product candidates, including ERAS-007, ERAS-601, ERAS-801, and ERAS-3490
      • expected in second half of 2022

    📊 Key Financial Metrics (Year-over-Year Comparison):

    Metric 2022 2021 Change ($) Change (%)
    Balance Sheet Data Cash Equivalents Marketable Securities 421.76K 459.25K $-37.49K -8.16%
    Operating Expenses Loss From Operations 36.51K 19.61K $16.90K +86.18%
    Other Income Expense Interest Income 114.00 30.00 $84.00 +280.00%
    Other Income Expense Total Other Income Expense 47.00 1.59K $-1.54K -97.04%
    Other Income Expense Net Loss 36.46K 18.02K $18.44K +102.35%
    Other Income Expense Net Loss Per Share 0.31 0.81 $-0.50 -61.73%
    Other Income Expense Weighted Average Shares 119.49M 22.23M $97.26M +437.44%
    Cash and Marketable Securities 421.76K 459.25K $-37.49K -8.16%
    Loss from Operations 36.51K 19.61K $16.90K +86.18%
    Interest Income 114.00 30.00 $84.00 +280.00%
    Total Other Income/(Expense) 47.00 1.59K $-1.54K -97.04%
    Net Loss 36.46K 18.02K $18.44K +102.35%

    💼 Business Developments:

    • Partnership
    • Acquisition
    • Licensing
    • Regulatory Approval
    • Executive Changes: Not available

    Structured Data:

    • Company Name: Erasca Inc
    • CIK: 0001761918
    • Ticker Symbol: ERAS
    • Period End Date: 2022-05-12
    • Document Type: 8-K