earnings
confidence high
sentiment negative
materiality 0.60
vTv Therapeutics Q2 2023 net loss $5.6M ($0.07/shr); R&D spend up on cadisegliatin; Nasdaq extension granted
vTv Therapeutics Inc.
- Net loss of $5.6M ($0.07 per share) vs $3.2M ($0.04) in Q2 2022; no quarterly revenue.
- R&D expenses $4.7M, up 113% from $2.2M, driven by cadisegliatin drug product costs.
- Cash $12.6M at June 30, 2023, up modestly from $12.1M at Dec 31, 2022.
- Nasdaq extended deadline to regain $1 bid compliance to Dec 18, 2023 (granted July 17).
- Phase 3 study for cadisegliatin (TTP399) expected to initiate by year-end 2023.