earnings
confidence high
sentiment neutral
materiality 0.60
GeoVax 2022 net loss $14.0M, cash $27.6M; clinical trials expand
GeoVax Labs, Inc.
- Net loss for 2022 was $14.0M, versus $18.6M in 2021; R&D expenses fell to $9.1M from $15.6M.
- Cash balance at Dec 31, 2022: $27.6M, up from $11.4M in 2021; raised $35.4M from equity and warrant exercises.
- Phase 1/2 trial of Gedeptin® for advanced head & neck cancer expanded to three NCI Cancer Centers.
- GEO-CM04S1 COVID-19 vaccine advancing in two Phase 2 trials; data show robust T cell and antibody responses.