earnings
confidence high
sentiment neutral
materiality 0.70
Allarity Therapeutics FY2024 net loss $24.5M; cash $20.9M at year-end, ~$25M at Q1 2025
Allarity Therapeutics, Inc.
- Net loss $24.5M for 2024 vs $11.9M in 2023, driven by $9.7M intangible impairment and $2.5M SEC settlement.
- Cash and receivables $20.9M at Dec 31, 2024, and ~$25M at end of Q1 2025; expected to fund operations into 2027.
- R&D expenses decreased to $6.1M from $7.1M; G&A expenses $11.4M (including SEC accrual).
- Enrollment in Phase 2 ovarian cancer trial expected H1 2025; VA-funded SCLC combination trial enrollment Q2-Q3 2025.
- Authorized $5M share repurchase program; ATM program fully utilized and concluded.