10-K Filing

Q32 Bio Inc. CIK: 1661998 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-030478`
Period End Date	20231231
Filing Date	20240313
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	fixx-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 37 Cash Flow Statement 67 Stockholders Equity 16 Comprehensive Income 8

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.99M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.27M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$43.39M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$141.04M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Assets Held For Sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	-	USD	Point-in-time
Assets Held For Sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$260.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$83.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	57.48M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$181.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.02M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.02M	shares	Point-in-time
Equity method investment	`EquityMethodInvestmentAggregateCost`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	57.48M	shares	Point-in-time
Equity method investment	`EquityMethodInvestmentAggregateCost`	$25.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.08M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$650.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$20.56M	USD	Point-in-time
Total assets	`Assets`	$228.47M	USD	Point-in-time
Total assets	`Assets`	$84.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.14M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$7.02M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$18.71M	USD	Point-in-time
Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$1.56M	USD	Point-in-time
Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$1.32M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.16M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.57M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$27.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.49M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized; 58,017,412 and 57,483,910 shares issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized; 58,017,412 and 57,483,910 shares issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$607.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$615.09M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.00K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-404.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-429.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-542.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$177.98M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$72.99M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$169.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$84.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$228.47M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Collaboration revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.16M	USD	Annual
Collaboration revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.21M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$62.00M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$98.35M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$31.26M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$38.14M	USD	Annual
Restructuring and Other Charges	`RestructuringAndOtherCharges`	-	USD	Annual
Restructuring and Other Charges	`RestructuringAndOtherCharges`	$9.33M	USD	Annual
Total operating expenses	`OperatingExpenses`	$136.49M	USD	Annual
Total operating expenses	`OperatingExpenses`	$102.58M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-133.28M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-101.43M	USD	Annual
Gain on sale of business	`GainLossOnSaleOfBusiness`	$131.25M	USD	Point-in-time
Gain on sale of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Gain on sale of business	`GainLossOnSaleOfBusiness`	$131.25M	USD	Annual
Gain on lease termination	`GainLossOnLeaseTermination`	$8.77M	USD	Annual
Gain on lease termination	`GainLossOnLeaseTermination`	-	USD	Annual
Interest income	`InvestmentIncomeNonoperating`	$3.23M	USD	Annual
Interest income	`InvestmentIncomeNonoperating`	$5.58M	USD	Annual
Total other income	`OtherNonoperatingIncomeExpense`	$134.48M	USD	Annual
Total other income	`OtherNonoperatingIncomeExpense`	$14.35M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.20M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-87.08M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$715.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Loss from equity method investment	`LossFromEquityMethodInvestment`	$-5.49M	USD	Annual
Loss from equity method investment	`LossFromEquityMethodInvestment`	$-25.88M	USD	Annual
Net loss	`NetIncomeLoss`	$-112.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.00M	USD	Annual
Net loss per share-basic	`EarningsPerShareBasic`	$-0.09	USD	Annual
Net loss per share-basic	`EarningsPerShareBasic`	$-1.95	USD	Annual
Net loss per share-diluted	`EarningsPerShareDiluted`	$-1.95	USD	Annual
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.09	USD	Annual
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.83M	shares	Annual
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.40M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.40M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.83M	shares	Annual

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.00M	USD	Annual
Net loss	`ProfitLoss`	$-112.96M	USD	Annual
Depreciation	`Depreciation`	$1.29M	USD	Annual
Depreciation	`Depreciation`	$578.00K	USD	Annual
Noncash lease expense	`NonCashLeaseExpense`	$2.06M	USD	Annual
Noncash lease expense	`NonCashLeaseExpense`	$1.31M	USD	Annual
Loss from equity method investment	`LossFromEquityMethodInvestment`	$-25.88M	USD	Annual
Loss from equity method investment	`LossFromEquityMethodInvestment`	$-5.49M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$13.05M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$7.32M	USD	Annual
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.95M	USD	Annual
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$2.95M	USD	Annual
Non-cash gain on lease termination	`GainLossOnTerminationOfLease`	$8.87M	USD	Annual
Non-cash gain on lease termination	`GainLossOnTerminationOfLease`	-	USD	Annual
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-49.00K	USD	Annual
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$94.00K	USD	Annual
Gain on sale of business	`GainLossOnSaleOfBusiness`	$131.25M	USD	Annual
Gain on sale of business	`GainLossOnSaleOfBusiness`	$131.25M	USD	Point-in-time
Gain on sale of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.99M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-840.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.09M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-981.00K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$7.42M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-11.69M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-3.21M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.16M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-719.00K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.45M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.23M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-113.66M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$73.24M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$157.46M	USD	Annual
Maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$65.46M	USD	Annual
Maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$174.24M	USD	Annual
Proceeds from sale of business	`ProceedsFromSaleOfBusiness`	$130.00M	USD	Annual
Proceeds from sale of business	`ProceedsFromSaleOfBusiness`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$554.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$228.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.28M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$36.72M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$101.33M	USD	Annual
Proceeds from issuance of common stock pursuant to employee stock purchase plan	`ProceedsFromStockPlans`	$168.00K	USD	Annual
Proceeds from issuance of common stock pursuant to employee stock purchase plan	`ProceedsFromStockPlans`	$595.00K	USD	Annual
Proceeds from issuance of common stock from option exercises	`ProceedsFromStockOptionsExercised`	$16.00K	USD	Annual
Proceeds from issuance of common stock from option exercises	`ProceedsFromStockOptionsExercised`	$1.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$184.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$596.00K	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-76.35M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.28M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.99M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$39.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$110.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.99M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$39.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$110.33M	USD	Point-in-time
Lease Liability Settled Through Termination Of Lease	`LeaseLiabilitySettledThroughTerminationOfLease`	-	USD	Annual
Lease Liability Settled Through Termination Of Lease	`LeaseLiabilitySettledThroughTerminationOfLease`	$28.34M	USD	Annual
Lease liability obtained in exchange for right-of-use asset	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	-	USD	Annual
Lease liability obtained in exchange for right-of-use asset	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$1.62M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$720.00K	USD	Annual
Unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-397.00K	USD	Annual
Unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$399.00K	USD	Annual
Property and equipment additions included in accrued expenses and other liabilities	`PropertyAndEquipmentAdditionsIncludedInAccruedExpensesAndOtherLiabilities`	$8.00K	USD	Annual
Property and equipment additions included in accrued expenses and other liabilities	`PropertyAndEquipmentAdditionsIncludedInAccruedExpensesAndOtherLiabilities`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$177.98M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$72.99M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$169.65M	USD	Point-in-time
Issuance of common stock from option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$16.00K	USD	Annual
Issuance of common stock from option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.00K	USD	Annual
Issuance of common stock pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$595.00K	USD	Annual
Issuance of common stock pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$168.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$13.05M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$7.32M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-397.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$399.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-5.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-112.96M	USD	Annual
Ending balance	`StockholdersEquity`	$177.98M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$72.99M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$169.65M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-112.96M	USD	Annual
Change in unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-397.00K	USD	Annual
Change in unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$399.00K	USD	Annual
Total other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-397.00K	USD	Annual
Total other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$399.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.40M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-112.56M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.