earnings
confidence high
sentiment negative
materiality 0.80
Aptose reports FY 2024 net loss of $25.4M; cash runway to April 2025
Aptose Biosciences Inc.
- Net loss $25.4M vs $51.2M in FY 2023; diluted EPS ($36.38) vs ($227.43).
- Cash and equivalents $6.7M as of Dec 31, 2024; expect funding through April 2025.
- TUS+VEN+AZA triplet TUSCANY trial advancing; 40mg achieved CRs; 80mg dosing started.
- $1.5M of Hanmi debt converted to 409,063 common shares; Hanmi stake capped at 19.99%.
- Regained Nasdaq minimum bid compliance; still not in compliance with $2.5M equity requirement.