earnings
confidence high
sentiment positive
materiality 0.60
Xenetic Biosciences reports Q3 net loss of ~$1.4M; cash $19.7M after $12.5M private placement
Xenetic Biosciences, Inc.
2022-Q3 EPS reported
-$0.41
revenue$828,088
- Net loss ~$1.4M for Q3 2021; R&D expenses up 36.1% to $0.8M, G&A up 17.5% to $0.9M.
- Ended Q3 with cash ~$19.7M and working capital ~$19.5M after July $12.5M private placement.
- XCART platform progressing toward IND-enabling studies; issued US patent for co-administration with personalized vaccine.
- PolyXen royalty income ~$0.3M from Takeda sublicense in Q3; partner Pharmsynthez filed Epolong registration in Russia.