earnings
confidence high
sentiment negative
materiality 0.75
Pulmatrix Q2 2024 net loss widens to $5.8M; cash runway extended to Q4 2026
Pulmatrix, Inc.
2024-Q2 EPS reported
-$1.37
revenue$7,437,000
- Net loss widened to $5.8M ($1.59/sh) from $3.8M ($1.04) a year ago; revenue fell to $1.6M from $1.8M.
- Cash and equivalents $12.4M plus $1.4M restricted cash released; projected cash runway into Q4 2026 after MannKind transactions.
- Recorded $2.6M loss on disposal group for assets transferred to MannKind in connection with iSPERSE technology validation.
- Halted Phase 2b enrollment for PUR1900 with Cipla; wind down by Q3 2024; no further development funding, 2% royalty on future ex-US sales.