earnings
confidence high
sentiment negative
materiality 0.65
Autonomix Medical FY2024 net loss $15.4M; cash $8.6M; topline data from first 5 patients expected June
Autonomix Medical, Inc.
- Net loss $15.4M vs $2.0M prior year, including $8.0M non-cash warrant loss; G&A $5.2M, R&D $2.2M.
- Cash $8.6M at March 31, 2024; expects runway into Q1 2025 after $9.8M net IPO proceeds.
- IPO raised $11.2M gross ($9.8M net) via 2,234,222 shares at $5.00 each.
- PoC human clinical study for pancreatic cancer pain ongoing; topline data from first 5 patients expected in June 2024.
- Preclinical study showed statistically significant reduction in metastases and tumor mass with targeted nerve ablation.