• Reported GAAP EPS of -$0.30 down -25.00% YoY • Reported revenue of $8.72M • Abeona Therapeutics Inc. expects current capital resources to fund operations for at least 12 months. The company plans to file an IND for ABO-701 and commence first-in-human studies in the second half of 2027.
Bullish
Abeona Therapeutics Inc. achieved its first product revenue from ZEVASKYN, expanded qualified treatment centers, and advanced its ABO-701 T-cell therapy for prostate cancer into preclinical development.
Bearish
Abeona Therapeutics Inc. experienced increased net and operating losses, driven by a significant rise in selling, general, and administrative expenses, alongside continued negative operating cash flows.