Arcturus Q1 net loss widens to $27M; appoints Dennis Mulroy as CFO
Arcturus Therapeutics Holdings Inc.
- Net loss of $27.0M ($0.95/diluted share), compared to $14.1M loss ($0.52/share) in Q1 2025.
- Total operating expenses fell to $31.0M from $46.2M; revenue down $27.3M due to pivot from infectious disease.
- Cash and equivalents $213.4M, runway beyond Q2 2028. Cash decreased $19.4M from Dec 2025.
- ARCT-032 CF Phase 2 study enrollment initiated; ARCT-810 OTC deficiency gets FDA clarity for pivotal pediatric path.
- Dennis Mulroy appointed CFO effective May 1, 2026; base salary $520k, options for 100k shares.