earnings
confidence high
sentiment neutral
materiality 0.55
Plus Therapeutics Q3 net loss $3.2M ($1.00/share); cash $11M, runway into 2025
PLUS THERAPEUTICS, INC.
2023-Q3 EPS reported
-$3.54
- Net loss $3.2M ($1.00 per share) vs $5.2M ($2.85) in Q3 2022; operating expenses $4.5M.
- Cash $11M at Sep 30, 2023; plus $10.2M expected from CPRIT grant through 2024, providing runway into 2025.
- Completed dosing in Cohort 4 of Phase 1 ReSPECT-LM trial; new survival data from Phase 2 ReSPECT-GBM to be presented at SNO Nov 2023.
- Appointed Pius Maliakal, Ph.D. as VP of Clinical Operations; transferred CNSide biomarker assay from Biocept.
- Grant revenue $1.2M in Q3 from CPRIT; total grant awards $3M from NIH and $17.6M from CPRIT.