Company: IMRX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001790340-25-000104
Chunk: 512

Company: Immuneering Corp
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 512
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 (“SEC”), Sarbanes-Oxley Act, director and officer insurance costs, and investor and public relations costs.

Amortization of intangible asset

Amortization of intangible asset relates to the technology acquired in the BioArkive acquisition. 

Other Income (Expense)

Interest income

Interest income consists of interest earned on our cash and cash equivalents balances and our marketable securities. The primary objective of our investment policy is capital preservation.

Other income (expense)

Other income (expense) consists of the amortization of premiums or accretion of discounts related to our marketable securities.

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Results of Operations

Comparison of the Three Months Ended June 30, 2025 and 2024

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

Three Months Ended June 30,Change20252024$% (in thousands, except percentages)Operating expensesResearch and development$10,454 $10,652 $(198)(1.9)%General and administrative4,296 4,254 42 1.0 %  Amortization of intangible asset7 7 — — %Total operating expenses14,757 14,913 (156)(1.0)%Loss from operations(14,757)(14,913)156 (1.0)%Other income (expense)Interest income324 826 (502)(60.8)%Other income, net— 8 (8)(100.0)%Net loss$(14,433)$(14,079)$(354)2.5 %

Research and Development

The following table summarizes the components of our research and development expenses for the periods indicated:

Three Months Ended June 30,Change20252024$%(in thousands, except percentages)Direct research and development expenses by program:atebimetinib (IMM-1-104)$5,169 $3,807 $1,362 35.8 %IMM-6-415279 1,132 (853)(75.4)%Other programs1,178 1,485 (307)(20.7)%Indirect research and development expenses:Employee-related costs2,830 3,147 (317)(10.1)%Stock-based compensation expense610 678 (68)(10.0)%Facilities and other expenses327 341 (14)(4.1)%Depreciation/amortization61 62 (1)(1.