earnings
confidence high
sentiment neutral
materiality 0.55
Relmada reports Q3 net loss $22.0M; cash $106.3M; REL-1017 Phase 3 enrollment on track
RELMADA THERAPEUTICS, INC.
2023-Q3 EPS reported
-$4.04
- Q3 net loss $22.0M ($0.73/share) vs $39.4M ($1.31) YoY.
- R&D expense $10.5M, down from $30.5M due to Reliance I/III completion.
- Cash and equivalents $106.3M at Sep 30, 2023 vs $148.3M at Dec 31, 2022.
- Phase 3 REL-1017 trials for MDD: Reliance II enrollment on track for H1 2024; Relight for H2 2024.
- Psilocybin program: Phase 1 in steatotic liver disease to start early 2024, Phase 2a planned.