ALZN reports $3.0 million quarterly net loss and $7.6 million cash
ALZN said its net loss widened to $3.0 million for the quarter. The company reported cash increased to $7.6 million after equity financing, while citing substantial doubt about continuing as a going concern.
0 million for the quarter as higher general and administrative expenses more than offset lower R&D costs. 6 million after equity financing, though the company said substantial doubt remains about its ability to continue as a going concern without additional capital.