earnings
confidence high
sentiment neutral
materiality 0.55
ENDRA Life Sciences reports Q1 net loss of $2.8M; advances TAEUS liver system with FDA and UK clinical study
ENDRA Life Sciences Inc.
- Net loss of $2.8M ($0.26 per share) vs $2.9M ($0.93 per share) in Q1 2023; operating expenses $2.8M.
- Cash and cash equivalents were $1.1M as of March 31, 2024.
- First TAEUS system installed at King's College Hospital (UK) for a clinical study evaluating liver fat vs MRI (approx 75 subjects).
- FDA pre-submission meeting scheduled in Q2 2024 to align on clinical requirements for De Novo application.
- Expanded IP portfolio to 80 issued patents globally; exploring licensing for non-core indications.