OpGen Q3 revenue drops to $0.4M from $1.2M; net loss $14.1M; cash down to $10.3M

CapForce Inc.

2022-Q3 EPS reported -$0.57 revenue$1,885,663

Total revenue $0.4M for Q3 2022 vs $1.2M in Q3 2021; net loss $14.1M ($0.30/sh) vs $6.1M loss.
Cash and equivalents $10.3M as of Sept 30, 2022, down from $36.1M at Dec 31, 2021.
Elected Yvonne Schlaeppi as independent director; she brings legal, governance, life sciences experience.
Completed enrollment of >1,800 samples for Unyvero UTI trial; anticipates FDA submission in 2023.
Full-year 2022 revenue guidance $2.5M to $3M; exploring additional financing and strategic alternatives.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Yvonne Schlaeppi

Director

CapForce Inc.

Effective: 2022-11-08
Filed: November 10, 2022, 6:59 PM ET

On November 8, 2022, the Board of Directors of the Company (the “Board”) elected Yvonne Schlaeppi as a member of its Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CapForce Inc. reported Full Year 2022 results: revenue approximately $2.5 to $3 million. Guidance initiated.

Period: Full Year 2022
Revenue: approximately $2.5 to $3 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Overall, 2022 revenue in a range of approximately $2.5 to $3 million from products and services as well as collaboration business globally.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Yvonne Schlaeppi was elected as Director at CapForce Inc..

Action: elected
Role: Director

Exact text from the filing

On November 8, 2022, the Board of Directors of the Company (the “Board”) elected Yvonne Schlaeppi as a member of its Board of Directors.

View on SEC.gov

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CapForce Inc. filing history →

Source: SEC EDGAR

accession 0001079973-22-001411

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