earnings
confidence high
sentiment negative
materiality 0.50
Plus Therapeutics reports FY2022 net loss $20.3M; cash $18.1M; CPRIT grant $17.6M
PLUS THERAPEUTICS, INC.
2022-FY EPS reported
-$0.77
- Net loss $20.3M ($0.77/share) vs $13.4M ($1.11/share) in FY2021; operating expenses $19.9M.
- Cash $18.1M at Dec 31, 2022; with grants and capital sources, expects funding through 2025.
- Awarded $17.6M CPRIT grant for rhenium obisbemeda leptomeningeal metastases trial.
- Enrolled first patient in ReSPECT-GBM Phase 2b; completed second cohort in ReSPECT-LM Phase 1.
- Grant revenue $224k from CPRIT; received first ~$1.9M in Q4 2022.