earnings
confidence high
sentiment neutral
materiality 0.60
Pulmatrix reports Q1 net loss $4.45M; cash runway extended to Q4 2024
Pulmatrix, Inc.
2024-Q1 EPS reported
-$1.22
revenue$1,499,000
- Net loss of $4.45M ($1.22 per share) vs $4.97M loss in Q1 2022.
- Revenue $1.5M, up from $1.2M, mainly from Cipla agreement.
- Cash $30.8M; projected runway extended from Q2 2024 to Q4 2024.
- Phase 2b PUR1900 trial dosing initiated for ABPA; topline data expected mid-2024.
- Phase 1 PUR3100 migraine study positive; IND filing planned mid-2023, Phase 2 pending financing.