earnings
confidence high
sentiment neutral
materiality 0.65
Kiora Pharmaceuticals reports FY2022 net loss of $13.6M; clinical milestones on track for 2023
KIORA PHARMACEUTICALS INC
- Net loss of $13.6M for FY2022, compared to $13.8M in FY2021; Q4 net loss $2.5M.
- Cash and equivalents $6.0M at Dec 31, 2022, plus $1.4M in R&D tax receivables.
- KIO-301 Phase 1b ABACUS trial enrollment ongoing; initial results at ARVO April 2023, topline by year-end.
- KIO-201 Phase 2 PCED study topline results at ARVO; mean defect size reduction 90% (p<0.003).
- KIO-101 Phase 2 trial initiation planned for Q2 2023.