earnings
confidence high
sentiment negative
materiality 0.55
Windtree pre-announces $4.2M cash at Q1 end; net cash used $2.9M in Q1
WINDTREE THERAPEUTICS INC /DE/
- Cash and cash equivalents estimated at ~$4.2 million as of March 31, 2023.
- Net cash used before financing activities for Q1 2023 was $2.9 million.
- These are preliminary estimates; final Q1 results may differ materially.
- Company's cash burn rate raises potential going-concern risk for micro-cap biotech.