earnings
confidence high
sentiment negative
materiality 0.50
Aethlon Medical Q1 FY2024 net loss $3.3M, cash $12.9M; Hemopurifier progress
AETHLON MEDICAL INC
2023-Q1 EPS reported
-$0.14
- Net loss widened to $3.3M for quarter ended June 30, 2023 from $2.9M a year ago; operating expenses rose 17.3% to $3.4M.
- Cash balance $12.9M at quarter end; raised $1.1M net proceeds via at-the-market equity facility with H.C. Wainwright.
- COVID-19 ICU trial in India remains open; second site Maulana Azad Medical College received Ethics Board approval.
- Entered research collaboration with 34 Lives to test Hemopurifier in machine perfusion of recovered kidneys.
- Oncology feasibility trial in Australia with NAMSA for solid tumors failing anti-PD-1 therapy is ongoing.