earnings
confidence high
sentiment neutral
materiality 0.60
ARS Pharma Q2 2026: neffy revenue $26.2M, net loss $62.3M, cuts 2H expenses
ARS Pharmaceuticals, Inc.
- Q2 neffy net product revenue $26.2M; total revenue $33.7M incl. $7.4M supply revenue.
- Net loss $62.3M ($0.63/share); cash $143.8M at June 30, 2026.
- 2H 2026 SG&A+R&D guided $114-126M (cash-based $100-110M); >40% cut in cash SG&A vs 1H.
- Meg Smith appointed CCO effective Aug 17, 2026; field sales expansion complete.
- Phase 2b CSU trial interim data expected Q1 2027; no approved on-demand CSU flare treatment.