NeOnc Q2 FY26 net loss widens to $14.2 million
Reuters2026/08/10 13:03- NeOnc posted a Q2 net loss of $14.2 million, or $(0.58) per diluted share, widening from a $5.7 million loss a year earlier.
- R&D expense more than doubled to $2.6 million from $0.7 million, while G&A edged down to $0.9 million from $1 million.
- Operating expenses totaled $14.07 million, including $5.65 million of noncash stock-based compensation; non-GAAP operating expenses excluding that charge were $8.42 million.
- Cash and cash equivalents were about $2 million at June 30, with an undrawn $10 million related-party credit line.
- Confirmed an Aug. 12 investor call to present topline Phase 2a NEO100 data; secured UAE IND clearances for NEO100 and NEO212.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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