Indaptus net loss narrows to $2.5 million in Q1 FY26; R&D expenses drop 82% to $491,134

PUBT · 05/15 11:01
Indaptus net loss narrows to $2.5 million in Q1 FY26; R&D expenses drop 82% to $491,134
- Indaptus Therapeutics posted a first-quarter net loss of USD 2.54 million, narrowing from USD 4.53 million a year earlier; loss per share improved to USD 0.23 from USD 9.11.
- Research and development expense fell to 491,134 from USD 2.81 million a year earlier, due to lower Phase 1 clinical costs and reduced payroll tied to headcount and salary cuts.
- Cash and cash equivalents dropped to USD 1.5 million at March 31 from USD 8.51 million at Dec. 31; net cash used in operating activities increased to USD 7.01 million from USD 5.05 million.
- Management said it is reassessing development priorities and evaluating the Decoy platform’s preclinical data and scientific rationale, while reviewing operating initiatives, resource allocation, financing alternatives, and strategic options.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Indaptus Therapeutics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605150700PRIMZONEFULLFEED9721059) on May 15, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.