earnings
confidence high
sentiment neutral
materiality 0.60
Reviva Q3 net loss $8.4M; 108 patients complete 1-year OLE trial for brilaroxazine
REVIVA PHARMACEUTICALS HOLDINGS, INC.
- Net loss of $8.4M ($0.25/sh) for Q3 2024 vs $11.3M ($0.48/sh) in Q3 2023 (restated).
- Cash totaled $5.6M as of Sep 30, 2024, down from $23.4M at Dec 31, 2023.
- 108 patients have completed 1 year of treatment in brilaroxazine OLE trial; topline data expected December 2024.
- NDA submission for brilaroxazine in schizophrenia targeted for Q2 2026; RECOVER-2 start expected Q1 2025 pending financing.