secwatch.observer — SEC 8-K summary
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Issuer:     Liquidia Corp (LQDA)
CIK:        0001819576
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001104659-23-056013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liquidia Q1 net loss $11.7M ($0.18/shr); cash $94.4M; YUTREPIA legal appeals advanced
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- Cash $94.4M at March 31, 2023; received $31.8M net from HCRx financing, repaying $22.2M SVB debt.
- Revenue $4.5M (up $1.0M YoY) from Promotion Agreement; cost of revenue $0.7M.
- R&D $5.3M (+12% YoY); G&A $7.8M (-38% YoY on lower legal fees).
- Oral arguments presented May 3 to Federal Circuit in Hatch-Waxman appeal; PTAB appeal also underway.
- HCRx revenue interest financing provides up to $100M; $32.5M funded to date with tiered royalty 0.36%-10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819576/000110465923056013/0001104659-23-056013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819576/000110465923056013/tm2314672d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-056013

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