earnings
confidence high
sentiment neutral
materiality 0.65
Reviva reports FY2025 net loss of $19.9M; FDA requires second Phase 3 trial for schizophrenia drug
REVIVA PHARMACEUTICALS HOLDINGS, INC.
- Net loss of $19.9M ($5.48 per share) vs $29.9M ($17.73) in FY2024.
- Cash and equivalents $14.4M at Dec 31, 2025; ~$23M after March 2026 offering, funding into Q1-2027.
- FDA recommended a second Phase 3 trial (RECOVER-2) for brilaroxazine in schizophrenia; initiation planned mid-2026.
- Positive 1-year open-label extension data: sustained efficacy, benign weight gain (~1.5 kg), no motor side effects.
- Completed public offerings totaling $29M in 2025 and early 2026; intends to fund RECOVER-2 trial.