earnings
confidence high
sentiment neutral
materiality 0.75
Daré Bioscience reports FY2023 net loss $30.1M, cash $10.5M; XACIATO launched, Ovaprene Phase 3 recruiting
Dare Bioscience, Inc.
- Net loss of $30.1M for FY2023; revenue of $2.8M from XACIATO milestone payments.
- Cash and equivalents $10.5M at Dec 31, 2023; received $4.7M in grant funding and $17M in offerings/financing.
- XACIATO launched in U.S. via Organon; Daré eligible for double-digit royalties and up to $180M milestones.
- Ovaprene Phase 3 pivotal study recruiting at 17 U.S. sites; non-hormonal monthly contraceptive candidate.
- Sildenafil Cream completed Phase 2b; FDA feedback on Phase 3 design expected in Q2 2024.