earnings
confidence high
sentiment neutral
materiality 0.75
BioCardia reports FY2022 net loss $11.9M, cash runway into Q3 2023; clinical milestones ahead
BioCardia, Inc.
- Net loss $11.9M in 2022 vs $12.6M in 2021; revenue $1.4M up from $1.0M.
- Cash $7.4M at year-end provides runway into Q3 2023.
- CardiAMP Phase III heart failure trial enrolled 119 patients; DSMB cleared, adaptive SAP submitted.
- NK1R+ MSC allogeneic trial for HFrEF (BCDA-03) IND approved; first patient expected Q2 2023.
- Japan submission for CardiAMP approval planned for Q2 2023.