earnings
confidence high
sentiment positive
materiality 0.70
Plus Therapeutics Q2 net loss narrows to $1.5M; FDA clears Ph1/Part B of ReSPECT-LM
PLUS THERAPEUTICS, INC.
2023-Q2 EPS reported
-$2.60
- Q2 2023 net loss of $1.5M ($0.59/share) vs $5.3M ($3.56/share) in Q2 2022.
- Cash balance $10.9M at June 30, 2023, down from $18.1M at Dec 31, 2022; expects $1.9M CPRIT grant soon.
- FDA approval to advance ReSPECT-LM trial to Phase 1/Part B for leptomeningeal metastases.
- Total operating expenses fell 35% YoY to $3.3M due to lower R&D spend after initial cGMP work.
- New VP of Clinical Operations Pius Maliakal appointed; expanded Piramal Pharma supply collaboration.