Company: IMRX
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001790340-25-000135
Chunk: 378

Company: Immuneering Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 378
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 $4,014 $491 12.2 %

General and administrative expenses increased by approximately $0.5 million, or 12.2%, to approximately $4.5 million for the three months ended September 30, 2025, as compared to approximately $4.0 million for the three months ended September 30, 2024. The increase of approximately $0.5 million was primarily driven by public filing costs associated with the various financing efforts during the quarter, a $0.1 million increase in professional fees for accounting, auditing and legal services, and a $16 thousand increase in employee-related costs. This was offset by decreased stock-based compensation expense of approximately $0.1 million and a decrease of $11 thousand in facilities and other allocated expenses.

Amortization of Intangible Asset

Amortization of intangible asset was $7,317 for the three months ended September 30, 2025 and 2024. This amortization is related to the technology acquired for the BioArkive acquisition completed in December 2021.

Other Income (Expense)

Interest income decreased by approximately $0.1 million for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024, driven primarily by lower interest rates and a lower total cash balance.

There was no other income for the three months ended September 30, 2025, compared to $0.1 million for the three months ended September 30, 2024. This was primarily a result of there being no marketable securities as of September 30, 2025 and December 31, 2024, respectively.

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Table of Contents

Comparison of the Nine Months Ended September 30, 2025 and 2024

The following table summarizes our results of operations for the periods indicated:

Nine Months Ended September 30,Change20252024$%(in thousands, except percentages)Operating expensesResearch and development$32,794$33,107$(313)(0.9)%General and administrative12,80712,3844233.4%  Amortization of intangible asset2222——%Total operating expenses45,62345,5131100.2%Loss from operations(45,623)(45,513)(110)0.2%Other income (expense)Interest income1,1782,178(1,000)(45.9)%Other income— 350 (350)(100.