earnings
confidence high
sentiment neutral
materiality 0.55
ENDRA Q3 net loss $3.4M; cash $8.0M; 95 TAEUS scans YTD, De Novo submission near
ENDRA Life Sciences Inc.
- Net loss $3.4 million ($0.05 per share) vs $2.7 million loss ($0.06) in Q3 2021.
- Cash and equivalents $8.0 million as of Sept 30, 2022; operating expenses rose to $3.4M from $2.7M.
- Nearly doubled TAEUS scans to 95 YTD; collecting final data for FDA De Novo submission for liver device.
- Expanded IP portfolio to 56 issued patents; eight new patents added in Q3.
- Management reiterates cash sufficient to fund through key milestones including European commercialization and U.S. regulatory submission.