earnings
confidence high
sentiment neutral
materiality 0.55
SpyGlass Pharma Q2 net loss $19.9M; cash $234.2M; Phase 3 enrollment on track
SpyGlass Pharma, Inc.
- Net loss of $19.9M ($0.59 per share) vs $8.7M ($3.81) in Q2 2025.
- Cash, cash equivalents and short-term investments of $234.2M expected to fund operations through 2028.
- Enrollment in Phase 3 registrational trials of BIM-IOL System on track for completion in 2027.
- BIM-DRS first-in-human trial expected to start in H2 2026.
- Appointed Mike Pinder as VP Marketing; new CPT code for reimbursement pathway.