earnings
confidence high
sentiment negative
materiality 0.65
InMed Q2 net loss $2.6M, cash burn continues; BayMedica profitable amid revenue drop
InMed Pharmaceuticals Inc.
2025-Q2 EPS reported
-$6.43
revenue$2,376,345
- Q2 net loss $2.6M vs $1.5M YoY; BayMedica revenue $1.1M (-10% YoY).
- Cash $3.5M at Dec 31, 2024; raised $2.9M in Jan 2025; expects funding through Q2 2025.
- INM-901 Alzheimer's preclinical data reduced neuroinflammatory markers; INM-089 IVT formulation for dry AMD.
- Director Janet Grove resigned after withheld votes at Dec 2024 AGM; board to find replacement.
- BayMedica net income $0.23M (+189%) despite revenue drop due to cost cuts.