earnings
confidence high
sentiment neutral
materiality 0.55
ENDRA Life Sciences Q3 net loss $3.1M; FDA De Novo review ongoing
ENDRA Life Sciences Inc.
- Net loss $3.1M ($0.40/share) vs $3.4M ($1.09/share) in Q3 2022; operating expense $3.1M.
- Cash $3.3M at Sept 30; raised $1.2M via ATM equity facility during Q3.
- TAEUS De Novo submission under substantive FDA review; clinical data showed 95% sensitivity.
- Achieved 70 issued patents globally; targeting first European commercial orders near-term.
- Presented at major liver disease conferences; expects MASLD treatment approvals in early 2024.