earnings
confidence high
sentiment neutral
materiality 0.65
Virios reports FY2023 net loss $5.3M, down 57% YoY; FDA aligns on Long-COVID endpoint for IMC-2
Dogwood Therapeutics, Inc.
2023-FY EPS reported
-$0.28
- Net loss for FY2023 $5.3M ($0.28/share), down from $12.2M ($1.11/share) in FY2022.
- R&D expenses $1.7M in FY2023 vs $8.1M in FY2022, driven by lower clinical trial costs.
- Cash at Dec 31, 2023: $3.3M; expected to fund operations into Q4 2024.
- FDA agreed to use fatigue as primary endpoint for IMC-2 Phase 2 in Long-COVID; initiation targeted H2 2024, pending funding.
- Placebo-controlled data on valacyclovir/celecoxib for Long-COVID from Bateman Horne Center expected summer 2024.