earnings
confidence high
sentiment neutral
materiality 0.50
Aprea reports Q3 net loss $3.2M; cash $25.4M; ATRN-1051 IND on track for Q4 2023
Aprea Therapeutics, Inc.
2023-Q3 EPS reported
-$3.03
- Net loss of $3.2M ($0.86/sh) vs $4.0M ($2.32/sh) in Q3 2022; operating loss reduced to $3.5M.
- Cash and equivalents $25.4M as of Sep 30, 2023; cash runway through Q4 2024.
- ATRN-119 dose escalation at cohort 4 (350mg); dose expansion enrollment expected Q2 2024.
- ATRN-1051 IND submission planned Q4 2023 with clearance Q1 2024; Phase 1/2a start H1 2024.
- R&D expenses $2.1M (up from $1.1M) due to ATRN-1051 IND studies; G&A down to $1.7M.