earnings
confidence high
sentiment positive
materiality 0.65
Allarity Therapeutics FY2023 net loss from operations down 50% to $17.1M; stenoparib complete response in Phase 2
Allarity Therapeutics, Inc.
- Net loss from operations $17.1M in 2023 vs $34M in 2022 (down 50%); net loss $11.9M vs $16.1M.
- R&D expenses $7.1M and G&A $10.0M both flat year-over-year; no product revenue reported.
- Interim CEO Thomas Jensen appointed Dec 2023; former Eli Lilly exec Jeremy Graff named Executive Advisor.
- Dec 2023 Phase 2 stenoparib data: 1 complete response, 4 stable disease in evaluable advanced ovarian cancer patients.
- Expects interim Phase 2 stenoparib data in Q2 2024.