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GRI Bio | 10-Q: Q2 2024 Earnings Report

GRI Bio | 10-Q: Q2 2024 Earnings Report

GRI Bio | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/15 00:39

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GRI Bio reported financial results for Q2 2024, with a net loss of $2.25 million compared to $6.75 million in Q2 2023. Research and development expenses remained stable at $0.9 million, while general and administrative expenses decreased to $1.4 million from $5.1 million year-over-year. The company ended the quarter with $6.4 million in cash and cash equivalents.The company made significant progress in its clinical programs, particularly with GRI-0621 for idiopathic pulmonary fibrosis (IPF). Patient enrollment continues in the Phase 2a biomarker study, with interim data expected in Q4 2024 and topline results in Q1 2025. Additionally, GRI Bio received UK regulatory approval to expand the IPF trial internationally.During Q2, GRI Bio strengthened its financial position through multiple equity offerings, including a $4.4 million public offering in February and a $3.2 million offering in June 2024. The company also established an At-The-Market facility and regained compliance with Nasdaq's minimum bid price and stockholders' equity requirements. Management believes current cash will fund operations into Q1 2025.
GRI Bio reported financial results for Q2 2024, with a net loss of $2.25 million compared to $6.75 million in Q2 2023. Research and development expenses remained stable at $0.9 million, while general and administrative expenses decreased to $1.4 million from $5.1 million year-over-year. The company ended the quarter with $6.4 million in cash and cash equivalents.The company made significant progress in its clinical programs, particularly with GRI-0621 for idiopathic pulmonary fibrosis (IPF). Patient enrollment continues in the Phase 2a biomarker study, with interim data expected in Q4 2024 and topline results in Q1 2025. Additionally, GRI Bio received UK regulatory approval to expand the IPF trial internationally.During Q2, GRI Bio strengthened its financial position through multiple equity offerings, including a $4.4 million public offering in February and a $3.2 million offering in June 2024. The company also established an At-The-Market facility and regained compliance with Nasdaq's minimum bid price and stockholders' equity requirements. Management believes current cash will fund operations into Q1 2025.
GRI Bio公佈了2024年第二季度的財務結果,淨虧損爲225萬美元,相比之下,2023年第二季度淨虧損爲675萬美元。研究與開發費用保持穩定,爲90萬美元,而一般及行政費用從去年的510萬美元降低至140萬美元。公司在季度末持有現金及現金等價物640萬美元。公司在其臨牀項目上取得了顯著進展,特別是針對特發性肺纖維化(IPF)的GRI-0621。患者登記仍在進行中,第二階段生物標誌物研究的中期數據預計在2024年第四季度發佈,最終結果預計在2025年第一季度發佈。此外,GRI Bio獲得了英國監管部門的批准,以在國際範圍內擴展IPF試驗。在第二季度,GRI Bio通過多次股權發行增強了其財務狀況,包括在2024年2月進行的440萬美元公開發行和在2024年6月進行的320萬美元發行。公司還建立了隨市發行設施,並重新符合納斯達克最低買盤價格和股東權益要求。管理層相信,目前的現金將支持其運營至2025年第一季度。
GRI Bio公佈了2024年第二季度的財務結果,淨虧損爲225萬美元,相比之下,2023年第二季度淨虧損爲675萬美元。研究與開發費用保持穩定,爲90萬美元,而一般及行政費用從去年的510萬美元降低至140萬美元。公司在季度末持有現金及現金等價物640萬美元。公司在其臨牀項目上取得了顯著進展,特別是針對特發性肺纖維化(IPF)的GRI-0621。患者登記仍在進行中,第二階段生物標誌物研究的中期數據預計在2024年第四季度發佈,最終結果預計在2025年第一季度發佈。此外,GRI Bio獲得了英國監管部門的批准,以在國際範圍內擴展IPF試驗。在第二季度,GRI Bio通過多次股權發行增強了其財務狀況,包括在2024年2月進行的440萬美元公開發行和在2024年6月進行的320萬美元發行。公司還建立了隨市發行設施,並重新符合納斯達克最低買盤價格和股東權益要求。管理層相信,目前的現金將支持其運營至2025年第一季度。
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