earnings
confidence high
sentiment neutral
materiality 0.70
Soleno reports FY2024 net loss of $175.9M; cash $318.6M; PDUFA for DCCR on March 27, 2025
SOLENO THERAPEUTICS INC
2024-FY EPS reported
-$4.38
- Net loss $(175.9)M ($4.38/share) vs $(39.0)M in 2023; R&D expense $78.6M, G&A $105.9M.
- Cash, cash equivalents and marketable securities $318.6M at Dec 31, 2024; used $69.1M in operations.
- NDA for DCCR (PWS) under FDA Priority Review with PDUFA target March 27, 2025.
- Entered loan agreement with Oxford for up to $200M ($50M upfront); completed $158.7M public offering in May 2024.
- Appointed Dawn Carter Bir to Board; Matthew Pauls as Lead Independent Director.