earnings
confidence high
sentiment negative
materiality 0.60
Benitec Biopharma Q2 net loss $5.4M; cash $10.5M; first OPMD patient enrolled
Benitec Biopharma Inc.
2023-Q2 EPS reported
-$0.55
revenue$14,000
- Net loss of $5.4M ($0.20/share) vs $4.8M ($0.59/share) in Q2 2022; revenue $14K.
- Cash and cash equivalents $10.5M at Dec 31, 2022, up from $4.1M at June 30, 2022.
- First patient enrolled in OPMD natural history study in Jan 2023; part of BB-301 program.
- Expects IND/CTA clearance in Q2 2023; first BB-301 dosing anticipated in Q3 2023.
- R&D expenses $3.8M, up $0.7M YoY due to toxicology and manufacturing projects.