other material
confidence high
sentiment negative
materiality 0.55
CalciMedica files audited FY2022 financials post-reverse merger; net loss $14.5M
CalciMedica, Inc.
- Net loss of $14.5M in 2022, accumulated deficit $118.4M as of Dec 31, 2022.
- Cash and cash equivalents $1.3M at year-end 2022; merger and private placement raised ~$34.2M in March 2023.
- Reverse merger closed March 20, 2023; Graybug Vision renamed CalciMedica, surviving as public entity.
- Former CalciMedica stockholders own ~72% of combined company on fully diluted basis.
- Going concern opinion included; management expects new funds to support operations beyond 12 months.