earnings
confidence high
sentiment neutral
materiality 0.50
Daré Bioscience reports Q3 2023 cash of $13.8M; XACIATO milestone triggered
Dare Bioscience, Inc.
2023-Q3 EPS reported
-$0.29
revenue$1,000,000
- Cash and equivalents $13.8M at September 30, 2023; evaluating financing options.
- R&D expenses increased to $6.7M in Q3 2023 from $4.5M in Q3 2022, driven by Sildenafil Cream and Ovaprene activities.
- G&A expenses unchanged at $2.7M; focus on efficient operations.
- Received $1.8M first commercial milestone payment from Organon for XACIATO US launch.
- On track to start Ovaprene Phase 3 enrollment in Q4 2023 and end-of-Phase 2 meeting for Sildenafil Cream with FDA.