earnings
confidence high
sentiment neutral
materiality 0.70
Eloxx Q2 net loss $10.6M; cash $30M; CF topline data expected Q3 2022
Eloxx Pharmaceuticals, Inc.
2022-Q2 EPS reported
-$0.26
- Q2 2022 net loss $10.6M ($0.12/sh) vs $36.1M ($0.54/sh) in Q2 2021; prior year included $22.7M Zikani acquisition expense.
- Cash and equivalents $30.0M as of June 30, 2022; sufficient to fund operations into Q4 2023; in compliance with debt covenants.
- CF Phase 2 expansion arms top-line results expected by end of Q3 2022; inhaled delivery IND on track for Q4 2022.
- Alport syndrome proof-of-concept trial to start H2 2022 in up to 8 patients; topline results expected H1 2023.
- ZKN-013 repeat study confirms potential in FAP model; IND for FAP expected H2 2023; RDEB IND on track for Q4 2022.