earnings
confidence high
sentiment neutral
materiality 0.70
Outlook Therapeutics Q1 net loss $11.2M; NORSE EIGHT underway, SPA agreed, $172M financing
Outlook Therapeutics, Inc.
2024-Q1 EPS reported
-$0.04
- Net loss for Q1 FY2024 was $11.2M ($0.04/sh), compared to $18.7M ($0.08/sh) in prior year.
- Cash and equivalents at Dec 31, 2023: $10.4M; private placements for up to $172M (subject to shareholder approval).
- FDA SPA agreed on NORSE EIGHT protocol; first subject dosed Jan 2024. Success would satisfy second clinical trial requirement from CRL.
- BLA resubmission for ONS-5010 expected by end of CY2024; EU MAA decision targeted first half 2024.
- Company working to resolve CMC comments from CRL; expects resolution before NORSE EIGHT completion.