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KPIsSections14

Income flow

Headline metrics
Net income — GREEN-$18.1M
Red flags2 red1 orange
Liquidity3
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Cash runway ~1.4 yearscash_runway_low
At current burn rate, cash covers less than 2 years — may require near-term financing.
ORANGE
Accumulated deficit / equity 986%accumulated_deficit_high
Accumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
Income Statement
MetricValueFlag
EPS (diluted)$-2.06GREEN
Net Income-$18.1MGREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Broad Liquidity$26.1MGREEN
Cash$26.1MGREEN
Current Ratio5.69GREEN
Total Assets$32.3MGREEN
Total Equity$26.8MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Free Cash Flow-$19.2MGREEN
Operating CF-$19.2MGREEN

Sections in this filing

MD&A

ITEM 2. MANAGEMENT’S DISCUSSION AND AN ALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion of our financial condition and results of operations should be read in conjunction with the Condensed Consolidated Financial Statements and the related notes included elsewhere in this report. This discussion contains forward-looking statements, which are based on assumptions about the future of our business. Actual results, outcomes and the timing of results or outcomes could differ materially from those contained in the forward-looking statements. Please read “ Forward-Looking Statements ” included below for additional information regarding forward-looking statements. Forward-Looking Statements All statements made in this Quarterly Report on Form 10-Q (this Quarterly Report) that are not statements of historical fact, including statements regarding guidance, industry prospects or future results of operations or financial position, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act) and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). We have made these statements in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties, which could cause actual results, outcomes and the timing of results or outcomes, to differ materially from those projected or anticipated. Although we believe that our assumptions underlying our forward-looking statements are reasonable as of the date of this Quarterly Report, we cannot assure you that the forward-looking statements set forth in this Quarterly Report will prove to be accurate. We may identify these forward-looking statements by the use of forward-looking terms, including, but not limited to, "expect," "potential," "continue," "may," "will," "should," "could," "would," "seek," "intend," "plan," "estimate," "anticipate," "future," "believe," "design," "predict," or the negative versions of these words or other similar expressions. Forward-looking statements contained in this Quarterly Report include, but are not limited to, statements about: • our ability to shorten our clinical development timelines and reduce future clinical development costs through an accelerated path to filing a New Drug Ap