earnings
confidence high
sentiment negative
materiality 0.70
Pulse Biosciences reports FY2023 net loss of $42.2M; plans $60M rights offering
PULSE BIOSCIENCES, INC.
- GAAP net loss FY 2023 ($42.2M) vs ($58.5M) in 2022; Q4 net loss ($11.9M) vs ($9.2M) prior year.
- Cash and equivalents $44.4M at Dec 31, 2023, down from $61.1M a year earlier.
- FDA 510(k) clearance for CellFX nsPFA Percutaneous Electrode for non-cardiac soft tissue ablation.
- Rights offering of up to $60M in Units (share + warrants) to existing holders; record date in April.
- Chairman Robert Duggan supports and intends to participate in rights offering on same terms.