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Biovie Q3 2025 Earnings Report
BioVie reported its financial results for the third quarter of fiscal year 2025, showing a significant reduction in net loss and operating expenses compared to the same period last year.
Key Takeaways
BioVie Inc. reported a net loss of $2.79 million for the three months ended March 31, 2025, a substantial improvement from the $8.07 million net loss in the prior year's comparable period. This reduction was primarily driven by decreased research and development expenses and lower selling, general, and administrative expenses.
Net loss significantly decreased to $2.79 million from $8.07 million year-over-year.
Total operating expenses fell to $2.99 million from $7.73 million in the prior year.
Research and development expenses saw a notable decline of $4.4 million.
Cash and cash equivalents stood at $23.15 million as of March 31, 2025.
Biovie
Biovie
Forward Guidance
The Company's future operations are dependent on the success of its ongoing development and commercialization efforts, as well as its ability to secure additional financing. Management expects that future sources of funding may include sales of equity, obtaining loans, or other strategic transactions.
Positive Outlook
- New Phase 2 study of bezisterim (NE3107) for Parkinson's Disease commenced in April 2025.
- Clinical trial award of up to $13.1 million from the U.S. Department of Defense for Long COVID Program.
- FDA authorized IND application for bezisterim (NE3107) for long COVID neurological symptoms.
- Company anticipates Long COVID trial to commence in May 2025.
- BIV201 development program continues with focus on demonstrating clinical benefit for liver disease.
Challenges Ahead
- The Company has not generated any revenue and expects no revenues in the foreseeable future.
- Future viability is largely dependent on raising additional capital.
- No assurance of obtaining sufficient financing on acceptable terms.
- Circumstances raise substantial doubt about the Company's ability to continue as a going concern.
- Potential for future dilution from equity offerings or issuance of shares subject to options, warrants, or other arrangements.