Financial Performance - The company reported net losses of $1,291,335 for the three months ended March 31, 2024, compared to $1,516,864 for the same period in 2023, indicating a decrease in losses of approximately 15%[73]. - Total operating expenses for the three months ended March 31, 2024, were $1,314,101, down from $1,557,287 in the same period of 2023, reflecting a reduction of about 15.6%[79]. - For the three months ended March 31, 2024, net cash used in operations was $0.9 million, compared to $1.7 million for the same period in 2023, indicating a reduction of approximately 47%[89][90]. - The net loss for the three months ended March 31, 2024, was $1.3 million, slightly higher than the net loss of $1.5 million reported for the same period in 2023[89][90]. - The company has incurred an accumulated deficit of $62,760,557 as of March 31, 2024[73]. Operating Expenses - Research and development expenses decreased to $343,717 for the three months ended March 31, 2024, from $497,714 in the same period of 2023, a decline of approximately 30.9%[80]. - General and administrative expenses also decreased to $970,384 for the three months ended March 31, 2024, from $1,059,573 in the same period of 2023, a reduction of about 8.4%[81]. Cash Position and Funding Needs - As of March 31, 2024, the company's cash totaled $2.4 million, which is insufficient to fund operations for the next 12 months, necessitating additional capital raising within the next three to five months[82][86]. - As of March 31, 2024, there were no off-balance sheet arrangements or relationships with unconsolidated entities[91]. Revenue Generation - The company has not generated any revenue since inception and does not anticipate generating revenue in the foreseeable future[82]. Research and Development Initiatives - The company plans to submit an investigational new drug application for IMC-2 to treat symptoms associated with Long-COVID, with ongoing studies expected to yield results in the second half of 2024[66][69]. - The company received FDA feedback on advancing IMC-1 into Phase 3 development for the treatment of fibromyalgia (FM)[65]. Strategic Partnerships - The company is actively exploring strategic partnerships and collaborations to enhance shareholder value and advance its product candidates[72]. Accounting and Reporting - There were no significant changes to critical accounting policies during the three months ended March 31, 2024, compared to the previous year[92]. - The company is utilizing the extended transition period provided by the JOBS Act, which reduces certain reporting requirements for emerging growth companies[93][94].

Exhibit 99.1 Virios Therapeutics Announces First Quarter 2024 Financial Results and Provides Corporate Update - Top-line results from the ongoing investigator-initiated Bateman Horne Center Long-COVID phase 2 featuring valacyclovir and celecoxib (IMC-2) expected in the second-half of 2024 - - Conference Call Today at 8:30 a.m. ET - ATLANTA, Ga., May 9, 2024 -- Virios Therapeutics, Inc. (Nasdaq: VIRI) (the "Company"), a development-stage biotechnology company focused on advancing novel antiviral therapies to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39811 VIRIOS THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware 85-4314201 (State of Other Jurisdiction of incorporation or Organization) (I.R.S. ...

Exhibit 99.1 Virios Therapeutics Announces Fourth Quarter and Full Year 2023 Financial Results ATLANTA, Ga., February 29, 2024 -- Virios Therapeutics, Inc. (Nasdaq: VIRI) (the "Company"), a development-stage biotechnology company focused on advancing novel antiviral therapies to treat debilitating chronic diseases, including fibromyalgia ("FM") and Long-COVID ("LC"), today announced financial results for the fourth quarter and full year ended December 31, 2023. Key Highlights and Upcoming Milestones "We are ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39811 Virios Therapeutics, Inc. (Exact name of registrant as specified in its charter) (State or other ju ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39811 Virios Therapeutics, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39811 Virios Therapeutics, Inc. (Exact name of registrant as specified in its charter) (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39811 VIRIOS THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware 85-4314201 (State of Other Jurisdiction of incorporation or Organization) (I.R.S. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39811 Virios Therapeutics, Inc. (Exact name of registrant as specified in its charter) Delaware 85-431420 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39811 Virios Therapeutics, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdi ...