- Cash, cash equivalents, and short-term investments totaled $47.5 million at the end of Q2 2025, down from $94.1 million at the end of 2024.
- Cash runway is projected into Q2 2026, including the recent capital raise and estimated $22 million net cash burn for Q3 2025.
- Net loss for Q2 2025 dropped 27% to $23.5 million from $32.2 million in Q2 2024.
- Net loss per share decreased 49% to $0.61 in Q2 2025 from $1.19 in Q2 2024.
- Operating expenses decreased by 31% year-over-year to $23.1 million in Q2 2025 from $33.3 million in Q2 2024.
- Raised approximately $22.5 million net proceeds from a public offering in July 2025.
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Dafinchi