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BioCardia(BCDA) - 2024 Q3 - Quarterly Results
BCDABioCardia(BCDA)2024-11-13 21:09

Financial Performance - The net loss for Q3 2024 was approximately 1.7million,comparedtoapproximately1.7 million, compared to approximately 2.6 million in Q3 2023, indicating a reduction in losses[10]. - Selling, general and administrative expenses decreased to approximately 825,000inQ32024fromapproximately825,000 in Q3 2024 from approximately 1.1 million in Q3 2023[10]. - Research and development expenses for Q3 2024 were approximately 931,000,downfromapproximately931,000, down from approximately 1.9 million in Q3 2023, reflecting the completion of enrollment in the CardiAMP Cell Therapy Heart Failure Trial[9]. Funding and Assets - The company closed a 7.2millionupsizedpublicofferinginSeptember2024[7].Totalassetsincreasedto7.2 million upsized public offering in September 2024[7]. - Total assets increased to 6.267 million as of September 30, 2024, compared to $2.987 million as of December 31, 2023[19]. Clinical Trials and Regulatory Updates - The FDA accepted plans for completing patient follow-up in the CardiAMP Heart Failure Trial, with final data transfer expected in Q1 2025[2]. - A submission to Japan's PMDA has been completed, with a consultation scheduled for late November 2024[3]. - The FDA approved a protocol amendment for the CardiAMP Heart Failure II Trial, increasing patient eligibility[4]. - The last patient in the low-dose cohort of the CardiALLO Cell Therapy is expected to be enrolled in Q4 2024[5]. - The company anticipates top line data release for the CardiAMP Heart Failure Trial in Q1 2025[11].