BeyondSpring(BYSI) - 2024 Q2 - Quarterly Report

Financial Performance - For the six months ended June 30, 2024, BeyondSpring Inc. reported revenue of $1,000,000, an increase from $875,000 in the same period of 2023, representing a growth of approximately 14.3%[7] - The net loss for the six months ended June 30, 2024, was $7,377,000, a significant reduction from the net loss of $13,261,000 in the prior year, indicating an improvement of about 44.1%[7] - The basic and diluted net loss per share improved to $(0.19) for the six months ended June 30, 2024, compared to $(0.33) for the same period in 2023[7] - The company reported a comprehensive loss of $6,801,000 for the six months ended June 30, 2024, down from $12,017,000 in the prior year, reflecting a decrease of approximately 43.5%[7] Research and Development - Research and development expenses decreased to $4,149,000 for the six months ended June 30, 2024, down from $9,214,000 in the same period of 2023, reflecting a reduction of approximately 55.0%[7] Assets and Liabilities - Total current assets decreased to $14,919,000 as of June 30, 2024, compared to $18,419,000 as of December 31, 2023, a decline of about 19.0%[5] - Total assets decreased to $20,897,000 as of June 30, 2024, down from $24,808,000 as of December 31, 2023, representing a decrease of approximately 15.9%[5] - Total liabilities decreased to $47,172,000 as of June 30, 2024, compared to $48,269,000 as of December 31, 2023, indicating a reduction of about 2.3%[5] Cash and Revenue - Cash and cash equivalents increased to $8,397,000 as of June 30, 2024, from $7,809,000 as of December 31, 2023, an increase of about 7.5%[5] - Deferred revenue decreased slightly to $34,344,000 as of June 30, 2024, from $35,993,000 as of December 31, 2023, a decline of approximately 4.6%[5]