earnings
confidence high
sentiment negative
materiality 0.75
Eloxx Pharma Q2 net loss $4.3M; cash only into Q4 2023; ELX-02 positive biopsy data
Eloxx Pharmaceuticals, Inc.
2023-Q2 EPS
reported -$4.83
vs consensus -$1.57
▼ miss
(-207.5%)
- Net loss of $4.3M ($1.96 EPS) vs $10.6M ($4.90 EPS) in prior-year quarter.
- Cash $4.3M at June 30; raised $1.7M gross via ATM program post-quarter.
- All 3 patients on ELX-02 showed improved podocyte foot process effacement in kidney biopsies; company plans pivotal Alport trial pending funding.
- FDA cleared IND for ZKN-013 SAD study in RDEB; first dosing expected by end 2023.
- Nasdaq extended compliance deadline for $35M market value listing rule to October 9, 2023.