earnings
confidence high
sentiment neutral
materiality 0.65
Galectin Q2 net loss $7.6M ($0.12/sh); secures $10M credit line from chairman
GALECTIN THERAPEUTICS INC
2025-Q2 EPS reported
-$0.27
- Net loss applicable to common stockholders of $7.6M ($0.12 per share) vs $12.4M ($0.20) in Q2 2024.
- R&D expenses fell to $3.3M from $9.8M due to NAVIGATE trial completion in Q1 2025.
- Cash and equivalents $13.8M at June 30; $10M line of credit from chairman closed July 8.
- Company expects sufficient funding to operate through June 30, 2026.
- NAVIGATE data at EASL showed belapectin reduced liver stiffness progression over 18 months.