earnings
confidence high
sentiment negative
materiality 0.50
Kodiak Q3 net loss $67.5M ($1.30/shr); cash $799M; pipeline on track for 2022 readouts
Kodiak Sciences Inc.
2022-Q3 EPS reported
-$3.36
- Net loss widened to $67.5M ($1.30/shr) from $36.1M ($0.80/shr) in Q3 2020.
- R&D expenses rose to $56.0M (vs $29.3M) on KSI-301 trial and manufacturing costs.
- Cash and equivalents $799.2M; no revenue reported.
- DAZZLE (wet AMD) topline data expected Q1 2022; BEACON (RVO) mid-2022.
- GLEAM/GLIMMER (DME) enrollment target Q1 2022; DAYLIGHT (wet AMD) enrollment 1H 2022.