iBio Inc

ASE:IBIO   12:56:16 AM EDT
1.59
-0.04 (-2.45%)
Earnings Announcements, Equity Financing / Related

Ibio Reports Preliminary Unaudited Fiscal Year 2022 Financial Results

Published: 09/27/2022 20:32 GMT
iBio Inc (IBIO) - Ibio Reports Preliminary Unaudited Fiscal Year 2022 Financial Results and Provides Corporate Update.
Ibio Inc - Company Has Concluded There is Substantial Doubt About Company's Ability to Continue As a Going Concern.
Ibio Inc - Announced Today Board Has Approved a One for Twenty-five Reverse Stock Split That Will Become Effective Friday.
Ibio Inc - Potential Options Being Considered to Increase Liquidity Include Lowering Expenses Through Decreasing Spending.
Ibio Inc - Ibio Held Cash, Cash Equivalents and Investments in Debt Securities of $39.5 Million As of June 30, 2022.
Ibio Inc - Evaluating a Number of Potential Options to Expand Its Cash Runway, Implementation of Which Will Impact Its Liquidity.
Revenue is expected to be $0.6 Million
Adjusted EPS is expected to be -$9.97

Next Quarter Revenue Guidance is expected to be $0.6 Million
Next Quarter EPS Guidance is expected to be -$10.64

More details on our Analysts Page.