Acrivon Therapeutics GAAP EPS of -$0.55

Published 2 months ago Positive
Acrivon Therapeutics GAAP EPS of -$0.55
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* Acrivon Therapeutics press release [https://seekingalpha.com/pr/20200234-acrivon-therapeutics-reports-second-quarter-2025-financial-results-and-business-highlights] (NASDAQ:ACRV [https://seekingalpha.com/symbol/ACRV]): Q2 GAAP EPS of -$0.55.
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Research and development expenses were $16.2 million for the quarter ended June 30, 2025 compared to $15.0 million for the same period in 2024. The difference was primarily due to increased personnel to support the continued execution of the clinical trials for ACR-368 and ACR-2316, as well as preclinical drug discovery advancement.

General and administrative expenses were $6.5 million for the quarter ended June 30, 2025, which is materially consistent with $6.4 million for the same period in 2024.

As of June 30, 2025, the company had cash, cash equivalents and investments of $147.6 million, which is expected to fund operating expenses and capital expenditure requirements into the second quarter of 2027.

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