Tonix reports preliminary Q2 net operating loss of $26.3M, cash $125.3M, runway to Q3 2026

Tonix Pharmaceuticals Holding Corp.

2025-Q2 EPS reported -$6.80 vs consensus -$3.28 ▼ miss (-107.4%)

Net operating loss of $26.3M in Q2 2025, improved from $78.8M in Q2 2024.
Cash and equivalents $125.3M at June 30; additional $50.6M raised in Q3 2025 equity offerings.
Net cash used in ops $16.3M ($9.9M in Q2 2024); capex $1.1M (nil prior year).
Revenue from marketed products $2.0M, down from $2.2M YoY.
Company expects runway into Q3 2026; shares outstanding 8.7M as of July 25.

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