earnings
confidence high
sentiment neutral
materiality 0.60
DBV Technologies FY2022 net loss $96.3M; cash $209.2M after $180.4M PIPE
DBV Technologies S.A.
- Net loss of $96.3M ($1.24 per share) vs $97.8M ($1.78) in 2021; operating expenses down 3% to $101.5M.
- Cash and cash equivalents $209.2M at Dec 31, 2022, up from $77.3M, driven by $180.4M PIPE and $14.1M ATM.
- Completed EVOLVE user experience study of modified Viaskin Peanut patch in 50 children ages 4-11; positive ease of use.
- R&D expenses increased 7% to $75.5M; average employees reduced to 86 from 101 due to restructuring.
- Research tax credit reimbursement of $26.1M received in 2022 for years 2019-2021.