earnings
confidence high
sentiment neutral
materiality 0.75
Capricor reports Q4 2022 net loss $7.7M ($0.31/share); expands Nippon Shinyaku deal to Japan for $12M upfront
CAPRICOR THERAPEUTICS, INC.
- Q4 2022 revenue $1.0M (Nippon Shinyaku upfront recognition) vs $0; net loss $7.7M vs $6.2M in Q4 2021.
- Full-year 2022 net loss $29.0M ($1.18/share) vs $20.0M ($0.87/share); cash $41.4M as of Dec 31, 2022.
- HOPE-3 Phase 3 trial for CAP-1002 in DMD >30% enrolled; interim analysis expected Q4 2023.
- Japan partnership with Nippon Shinyaku: $12M upfront, up to $89M milestones, double-digit net revenue share.
- Cash runway projected into Q4 2024, including $12M Japan upfront expected in Q1 2023.