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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/13 05:31

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Ensysce Biosciences reported strong financial results for Q3 2024, with federal grant revenue surging to $3.4 million from $0.4 million in Q3 2023. The company achieved net income of $662,000 compared to a net loss of $2.7 million in the prior year period, driven by increased research activities under the OUD grant and newly awarded $14 million MPAR grant.Research and development expenses decreased to $1.7 million from $1.9 million year-over-year, reflecting reduced clinical trial activities for PF614 and PF614-MPAR programs. General and administrative expenses also declined to $1.1 million from $1.2 million in Q3 2023, demonstrating improved cost management.The company strengthened its financial position through multiple transactions in 2024, including a $1.7 million registered direct offering and warrant exercises generating $8.9 million in net proceeds. With $4.2 million in cash at quarter-end, management expects current resources to fund operations into Q1 2025, though additional financing will be required to advance its clinical programs.
Ensysce Biosciences reported strong financial results for Q3 2024, with federal grant revenue surging to $3.4 million from $0.4 million in Q3 2023. The company achieved net income of $662,000 compared to a net loss of $2.7 million in the prior year period, driven by increased research activities under the OUD grant and newly awarded $14 million MPAR grant.Research and development expenses decreased to $1.7 million from $1.9 million year-over-year, reflecting reduced clinical trial activities for PF614 and PF614-MPAR programs. General and administrative expenses also declined to $1.1 million from $1.2 million in Q3 2023, demonstrating improved cost management.The company strengthened its financial position through multiple transactions in 2024, including a $1.7 million registered direct offering and warrant exercises generating $8.9 million in net proceeds. With $4.2 million in cash at quarter-end, management expects current resources to fund operations into Q1 2025, though additional financing will be required to advance its clinical programs.
Ensysce Biosciences于2024年第三季度报告了强劲的财务业绩,联邦补助营业收入激增至340万美元,较2023年第三季度的40万美元大幅增长。该公司实现净利润66.2万美元,而去年同期则亏损270万美元,主要受益于OUD补助下研究活动的增加和新获颁的1400万美元MPAR补助。研究和开发费用同比减少至170万美元,较去年的190万美元有所下降,反映了PF614和PF614-MPAR项目临床试验活动的减少。一般和行政费用也从2023年第三季度的120万美元下降至110万美元,显示出成本管理的改善。通过2024年的多项交易,公司增强了财务状况,包括170万美元的注册直接发行和产生890万美元净收益的认股权证行使。在季度末现金达到420万美元的情况下,管理层预计目前的资源能够支持公司运营到2025年第一季度,尽管仍需额外融资以推进其临床项目。
Ensysce Biosciences于2024年第三季度报告了强劲的财务业绩,联邦补助营业收入激增至340万美元,较2023年第三季度的40万美元大幅增长。该公司实现净利润66.2万美元,而去年同期则亏损270万美元,主要受益于OUD补助下研究活动的增加和新获颁的1400万美元MPAR补助。研究和开发费用同比减少至170万美元,较去年的190万美元有所下降,反映了PF614和PF614-MPAR项目临床试验活动的减少。一般和行政费用也从2023年第三季度的120万美元下降至110万美元,显示出成本管理的改善。通过2024年的多项交易,公司增强了财务状况,包括170万美元的注册直接发行和产生890万美元净收益的认股权证行使。在季度末现金达到420万美元的情况下,管理层预计目前的资源能够支持公司运营到2025年第一季度,尽管仍需额外融资以推进其临床项目。
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