earnings
confidence high
sentiment neutral
materiality 0.70
CNS Pharma Q2 net loss $4.0M; Berubicin GBM trial enrollment at 180; topline data expected Q4 2023
CNS Pharmaceuticals, Inc.
2023-Q2 EPS reported
-$3.10
- Net loss $4.0M for Q2 2023 vs $3.6M in Q2 2022; R&D expense $2.8M (up from $2.2M).
- Cash $4.3M as of June 30, sufficient into Q4 2023 through interim data readout.
- Berubicin GBM trial enrollment ~75% (180 of 240 patients); topline interim results expected Q4 2023.
- Company reiterated upcoming milestones: enroll 200th patient in Q3, complete enrollment in Q4.
- Investigation into naked short selling; believes majority of activity identified and eliminated.