earnings
confidence high
sentiment neutral
materiality 0.60
Dare Bioscience reports FY2022 cash $34.7M; XACIATO first commercial sale expected Q2 2023
Dare Bioscience, Inc.
- Cash and cash equivalents $34.7M at Dec 31, 2022, down from $51.7M at Dec 31, 2021.
- G&A expenses $11.2M (FY2022) vs $8.4M (FY2021); R&D expenses $30.0M vs $30.6M.
- Received $24.1M in non-dilutive funding in 2022: $10M from Organon license, $13.3M grants, $0.8M Australian rebate.
- XACIATO first commercial sale expected Q2 2023, triggering $2.5M milestone to Dare.
- Sildenafil Cream Phase 2b topline data targeted for Q2 2023; Ovaprene pivotal study initiation mid-2023.