earnings
confidence high
sentiment neutral
materiality 0.60
Benitec Q3 net loss $4.4M; 9 subjects enrolled in OPMD study; on track for BB-301 dosing in 2H2023
Benitec Biopharma Inc.
2023-Q3 EPS reported
-$0.67
revenue$68,000
- Net loss of $4.4M ($0.16/shr) in Q3 2023 vs $3.3M ($0.40/shr) in Q3 2022; cash $6.6M at Mar 31, 2023.
- 9 subjects enrolled in OPMD Natural History Study in the U.S.; pace supports BB-301 dosing and interim data disclosure in 2H2023.
- R&D expenses $3.17M vs $2.17M YoY, driven by GMP manufacturing and Natural History Study; operating loss $4.4M.
- Expects FDA IND response for BB-301 in Q2 2023; Canadian site activation pending REB approval.
- CEO Jerel Banks to present at OPMD International Conference in Tel Aviv on May 16, 2023.