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Ocugen | 10-Q: Q3 2024 Earnings Report

Ocugen | 10-Q: Q3 2024 Earnings Report

Ocugen | 10-Q:2024财年三季报
美股SEC公告 ·  11/14 12:32

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Ocugen reported Q3 2024 financial results, with revenue decreasing to $1.1M from $3.7M in Q3 2023. Net loss widened to $13.0M from $11.7M year-over-year. R&D expenses rose to $8.1M, while G&A expenses fell to $6.3M.The company made progress on key gene therapy programs. OCU400 for retinitis pigmentosa began Phase 3 trials, with enrollment expected to complete in H1 2025. OCU410 for dry AMD and OCU410ST for Stargardt disease advanced in Phase 1/2 studies. The FDA cleared OCU200's IND for diabetic macular edema, with a Phase 1 trial to start in Q4 2024.Ocugen ended Q3 with $38.7M cash, insufficient for 12 months of operations. It raised $29.2M through debt financing in November to extend runway. Management cited substantial doubt about the company's ability to continue as a going concern, stating additional funding will be needed to sustain operations and advance clinical programs.
Ocugen reported Q3 2024 financial results, with revenue decreasing to $1.1M from $3.7M in Q3 2023. Net loss widened to $13.0M from $11.7M year-over-year. R&D expenses rose to $8.1M, while G&A expenses fell to $6.3M.The company made progress on key gene therapy programs. OCU400 for retinitis pigmentosa began Phase 3 trials, with enrollment expected to complete in H1 2025. OCU410 for dry AMD and OCU410ST for Stargardt disease advanced in Phase 1/2 studies. The FDA cleared OCU200's IND for diabetic macular edema, with a Phase 1 trial to start in Q4 2024.Ocugen ended Q3 with $38.7M cash, insufficient for 12 months of operations. It raised $29.2M through debt financing in November to extend runway. Management cited substantial doubt about the company's ability to continue as a going concern, stating additional funding will be needed to sustain operations and advance clinical programs.
Ocugen公布了2024年第三季度的财务结果,营业收入从2023年第三季度的370万下降至110万。净亏损从1180万扩大至1300万。研发费用上涨至810万,而一般和行政费用下降至630万。该公司在关键基因疗法项目上取得了进展。OCU400用于视网膜色素变性已开始第三阶段试验,预计在2025年上半年完成入组。OCU410用于干性年龄相关性黄斑变性,OCU410St用于斯塔加特病的研究进入了1/2期试验。FDA已批准OCU200针对糖尿病性黄斑水肿的IND,第一阶段试验将在2024年第四季度开始。Ocugen在第三季度结束时拥有3870万现金,不足以支持12个月的运营。公司在11月通过债务融资筹集了2920万,以延长运营周期。管理层对公司能否继续作为一个持续经营体表示了相当大的怀疑,并指出需要额外的资金来维持运营和推进临床项目。
Ocugen公布了2024年第三季度的财务结果,营业收入从2023年第三季度的370万下降至110万。净亏损从1180万扩大至1300万。研发费用上涨至810万,而一般和行政费用下降至630万。该公司在关键基因疗法项目上取得了进展。OCU400用于视网膜色素变性已开始第三阶段试验,预计在2025年上半年完成入组。OCU410用于干性年龄相关性黄斑变性,OCU410St用于斯塔加特病的研究进入了1/2期试验。FDA已批准OCU200针对糖尿病性黄斑水肿的IND,第一阶段试验将在2024年第四季度开始。Ocugen在第三季度结束时拥有3870万现金,不足以支持12个月的运营。公司在11月通过债务融资筹集了2920万,以延长运营周期。管理层对公司能否继续作为一个持续经营体表示了相当大的怀疑,并指出需要额外的资金来维持运营和推进临床项目。
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