Aug. 13 at 11:05 PM
$PTHS During the three and six months ended June 30, 2025, the Company had a net loss of approximately
$3.5 million and
$5.4 million, respectively. As of June 30, 2025, the Company has cash of approximately
$0.1 million and a working capital deficit
$6.5 million.
Based on the Company’s current projections, management believes there is substantial doubt about its ability to continue to operate as a going concern and fund its operations through at least the next twelve months following the issuance of these condensed consolidated financial statements. While the Company completed an equity offering of
$50.1 million subsequent to the end of the reporting period, the Company expects that costs associated with the commercial launch of Zelsuvmi ),