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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

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

Moomoo AI 已提取核心訊息

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於2024年第三季度報告了強勁的財務業績,聯邦補助營業收入激增至340萬美元,較2023年第三季度的40萬美元大幅增長。該公司實現凈利潤66.2萬美元,而去年同期則虧損270萬美元,主要受益於OUD補助下研究活動的增加和新獲頒的1400萬美元MPAR補助。研究和開發費用同比減少至170萬美元,較去年的190萬美元有所下降,反映了PF614和PF614-MPAR項目臨牀試驗活動的減少。一般和行政費用也從2023年第三季度的120萬美元下降至110萬美元,顯示出成本管理的改善。通過2024年的多項交易,公司增強了財務狀況,包括170萬美元的註冊直接發行和產生890萬美元淨收益的認股權證行使。在季度末現金達到420萬美元的情況下,管理層預計目前的資源能夠支持公司運營到2025年第一季度,儘管仍需額外融資以推進其臨牀項目。
Ensysce Biosciences於2024年第三季度報告了強勁的財務業績,聯邦補助營業收入激增至340萬美元,較2023年第三季度的40萬美元大幅增長。該公司實現凈利潤66.2萬美元,而去年同期則虧損270萬美元,主要受益於OUD補助下研究活動的增加和新獲頒的1400萬美元MPAR補助。研究和開發費用同比減少至170萬美元,較去年的190萬美元有所下降,反映了PF614和PF614-MPAR項目臨牀試驗活動的減少。一般和行政費用也從2023年第三季度的120萬美元下降至110萬美元,顯示出成本管理的改善。通過2024年的多項交易,公司增強了財務狀況,包括170萬美元的註冊直接發行和產生890萬美元淨收益的認股權證行使。在季度末現金達到420萬美元的情況下,管理層預計目前的資源能夠支持公司運營到2025年第一季度,儘管仍需額外融資以推進其臨牀項目。
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