earnings
confidence high
sentiment negative
materiality 0.65
Aclaris Q2 net loss widens to $29.6M; zunsemetinib RA data expected Q4 2023
Aclaris Therapeutics, Inc.
2023-Q2 EPS reported
-$0.84
revenue$4,397,000
- Net loss $29.6M vs $20.5M YoY; revenue $1.9M vs $1.5M, driven by licensing royalties.
- Cash $210.8M, sufficient through 2025; includes $26.7M from ATM share sale in April 2023.
- Zunsemetinib Phase 2b RA trial enrollment completed; topline data expected Q4 2023.
- ATI-2138 Phase 1 MAD completed in healthy volunteers; data expected September 2023.
- G&A expenses $8.3M include bad debt from EPI Health bankruptcy filing.