PLUS THERAPEUTICS Inc. (PSTV) reports earnings

The report was filed on March 31, 2025

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PLUS THERAPEUTICS Inc. (PSTV-13.23%) has submitted its 10-K filing for the fiscal year ended December 31, 2024.

The filing includes financial statements for the year, showing a net loss of $12,978,000, compared to a net loss of $13,316,000 in the previous year. The decrease in net loss is attributed to increased grant revenue and reduced operating expenses.

Grant revenue for the year was $5,824,000, up from $4,913,000 in the previous year. This increase is primarily due to the continued development of REYOBIQ™ for the treatment of leptomeningeal metastases, funded by the CPRIT Grant.

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Research and development expenses increased to $10,580,000 from $9,690,000, primarily due to higher development and professional service fees.

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General and administrative expenses rose to $9,939,000 from $8,544,000, driven by increased legal and professional expenses.

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The company reported a total of $1,717,000 in other income, primarily due to a gain in the fair value of warrants and interest income.

As of December 31, 2024, PLUS THERAPEUTICS had cash and cash equivalents of $76,000 and short-term investments of $3,530,000, with a working capital deficit of $10,292,000.

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PLUS THERAPEUTICS' current liabilities include accounts payable and accrued expenses of $11,288,000, a line of credit balance of $3,292,000, and deferred grant liability of $927,000.

The company has entered into various financing agreements and raised capital through private placements and grant funding to support its operations and clinical development programs.

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PLUS THERAPEUTICS continues to focus on developing its nanomedicine platform and CNSide™ Platform for the treatment of central nervous system cancers and other life-threatening diseases.

This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the PLUS THERAPEUTICS Inc. annual 10-K report dated March 31, 2025. To report an error, please email earnings@qz.com.