earnings
confidence high
sentiment neutral
materiality 0.55
Aethlon Medical reports Q2 net loss down to $3.0M; CEO Fisher replaced by Frakes
AETHLON MEDICAL INC
2024-Q2 EPS reported
-$2.57
- Net loss for fiscal Q2 2023: $3.0M vs $3.8M in prior year; operating expenses decreased 13.4% to $3.2M.
- Cash balance $10.2M as of Sept 30, 2023.
- CEO Charles Fisher replaced by James Frakes (Interim CEO, retains CFO role); Guy Cipriani becomes COO.
- Received DCGI clearance in India for Phase 1 Hemopurifier trial in solid tumors on anti-PD-1 therapy.
- Hemopurifier supply disruption continues; working with FDA for second GNA supplier; new San Diego facility.