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Dec 31, 2022

Abeona Therapeutics Q4 2022 Earnings Report

Abeona Therapeutics reported financial results for the full year of 2022 and provided a corporate update.

Key Takeaways

Abeona Therapeutics reported a cash, cash equivalents, restricted cash and short-term investments totaling $52.5 million as of December 31, 2022. They anticipate submitting the BLA for EB-101 to the FDA in late 2Q/early 3Q 2023.

Expects to submit BLA for EB-101 to FDA in late-2Q/early-3Q 2023 based on positive Phase 3 VIITALâ„¢ study results announced in 4Q 2022

Advancing AAV-based gene therapy candidates toward IND studies in Stargardt Disease, X-linked Retinoschisis, and Autosomal Dominant Optic Atrophy

Strengthened senior management team with executive appointments and promotions

Cash, cash equivalents, restricted cash and short-term investments totaled $52.5 million as of December 31, 2022

Total Revenue
$68K
Previous year: $3M
-97.7%
EPS
$1.52
Previous year: -$3.5
-143.4%
Gross Profit
$68K
Previous year: $3M
-97.7%
Cash and Equivalents
$52.5M
Previous year: $50.9M
+3.1%
Free Cash Flow
-$14M
Previous year: -$33.5M
-58.2%
Total Assets
$64.2M
Previous year: $79.6M
-19.3%

Abeona Therapeutics

Abeona Therapeutics

Forward Guidance

Abeona estimates that its current cash and cash equivalents, restricted cash and short-term investments are sufficient resources to fund operations into the third quarter of 2024.