earnings
confidence high
sentiment neutral
materiality 0.55
Rezolute reports FY2023 net loss of $51.8M; Phase 3 for RZ358 to start Q4 2023
Rezolute, Inc.
- Cash and equivalents $16.0M, marketable securities $102.3M as of June 30, 2023.
- Full year net loss $51.8M vs $41.1M prior year; R&D spend $43.8M (up from $32.5M).
- Phase 3 sunRIZE study for RZ358 in congenital HI to initiate Q4 2023; topline data H1 2025.
- Phase 2 study of RZ402 for diabetic macular edema ongoing; results expected Q1 2024.
- Q4 net loss $12.7M vs $9.4M in prior year quarter.