Mon. 25 Mar 2024, 8:20am ET
Benzinga
Earnings, News
Fiscal 2023 Year-End Financial Results
- Cash and Investments: Cash and investments totalled $10.4 million as of December 31, 2023.
- R&D Expenses: Research and development expenses were $5.7 million for the year ended December 31, 2023, compared to $4.3 million for the same period in 2022.
- G&A Expenses: General and administrative expenses were $4.2 million for the year ended December 31, 2023, compared to $6.0 million for the same period in 2022.
- Net Loss: For the year ended December 31, 2023, net loss was $9.3 million, or $3.14 per basic and diluted common share, which included $0.4 million of non-cash expenses, compared to a net loss of $10.1 million, or $3.56 per basic and diluted common share for the year ended December 31, 2022, which included $2.3 million of non-cash expenses.