earnings
confidence high
sentiment positive
materiality 0.70
Alzamend Neuro reports Q2 fiscal 2025: cash $4.1M, equity $3.8M, five Phase II trials planned in 2025
Alzamend Neuro, Inc.
2024-Q2 EPS reported
-$1.11
- Net cash from financing $8.3M for six months ended Oct 31, 2024; stockholder equity improved to $3.8M from a $2.6M deficit.
- Cash increased to $4.1M from $0.4M; total liabilities reduced to $1.3M from $3.2M at April 30, 2024.
- Regained Nasdaq compliance; entered $25M preferred stock/warrant agreement and $6.5M ATM facility.
- AL001 (lithium cocrystal) to initiate five Phase II trials in 2025 with Mass General for Alzheimer's, BD, MDD, PTSD.
- ALZN002 immunotherapy trial resumption planned for 2025 after re-engaging a new CRO.