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Jun 30
Aldeyra Q2 2025 Earnings Report
Aldeyra narrowed its quarterly net loss in Q2 2025, driven by reduced R&D and G&A expenses.
Key Takeaways
Aldeyra reported a significant reduction in net loss for Q2 2025 as it curtailed research and administrative costs, maintaining a healthy cash position despite continued development-stage losses.
Net loss was $9.77 million in Q2 2025, an improvement from $16.85 million in Q2 2024.
R&D expenses dropped by 43% YoY, reflecting lower clinical and manufacturing costs.
G&A expenses declined by 45% YoY due to reduced personnel and legal costs.
Cash and marketable securities stood at $81.9 million, supporting operations into 2027.
Aldeyra
Aldeyra
Forward Guidance
Aldeyra expects its cash and equivalents to fund operations into 2027, with key focus on regulatory approval and potential commercialization of reproxalap.
Positive Outlook
- Cash and securities sufficient to fund operations into 2027.
- Operating expenses reduced through strategic cost management.
- Option agreement with AbbVie could bring substantial upfront and milestone payments.
- Ongoing pre-commercialization plans for reproxalap.
- Recent dry eye trial met primary endpoint, supporting NDA resubmission.
Challenges Ahead
- Still no approved commercial products generating revenue.
- FDA has issued multiple Complete Response Letters for reproxalap.
- Reproxalap approval remains uncertain pending latest PDUFA date (Dec 16, 2025).
- No guarantee AbbVie will exercise its option to license reproxalap.
- Potential need for significant additional capital if partnership or approval falls through.