DBV Technologies reports Q3 cash $46.4M; going concern doubt, cash runway into Q1 2025

DBV Technologies S.A.

2024-Q3 EPS reported -$0.95 revenue$3,640,000

Net loss of $90.9M for 9M ended Sep 30 2024 vs $61.5M prior year; Q3 net loss $30.4M.
Cash and cash equivalents $46.4M as of Sep 30 2024, down from $141.4M at Dec 31 2023.
Operating cash burn $92.2M in 9M 2024; company expects cash to fund ops only into Q1 2025.
Substantial doubt about ability to continue as going concern; seeks additional capital.
R&D expenses surged to $70.4M in 9M 2024 ($47.4M prior year) driven by VITESSE Phase 3 trial.

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