earnings
confidence high
sentiment neutral
materiality 0.55
Enveric Biosciences Q1 net loss narrows to $2.2M; progresses EB-003 IND timeline
Enveric Biosciences, Inc.
2025-Q1 EPS reported
-$1.22
- Net loss $2.2M in Q1 2025 vs $2.5M in Q1 2024; diluted loss per share $1.22 vs $9.21.
- Cash and equivalents $4.3M at March 31, 2025, after closing $5M public offering.
- New U.S. patent for EVM401 Series (mescaline derivatives) and EB-003 IP expanded.
- Signed two licensing agreements for cannabinoid-COX-2 conjugates with Restoration Biologics.
- Targeting FDA IND submission for EB-003 by end of Q1 2026.