earnings
confidence high
sentiment neutral
materiality 0.50
Eloxx Q1 net loss $11.6M; CF award up to $15.9M; cash into Q2 2023
Eloxx Pharmaceuticals, Inc.
2023-Q1 EPS
reported -$5.36
vs consensus -$28.61
▲ beat
(+81.3%)
- Net loss $11.6M ($0.13/sh) vs $8.7M ($0.22/sh) in Q1 2021; R&D $7.9M, G&A $3.1M.
- CF Foundation award up to $15.9M for ELX-02; Phase 2 CF topline results expected end H1 2022.
- Expanded ELX-02 development to Alport syndrome; Phase 2 proof-of-concept trial for nonsense mutations starts H2 2022.
- Cash $39.8M sufficient into Q2 2023; ZKN-013 IND for RDEB planned H2 2022.