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Arrowhead Research Corp. Message Board

  • rnai_inv rnai_inv Dec 21, 2012 7:56 AM Flag

    Spending Highlights

    - Net loss attributable to Arrowhead for the 2012 fiscal year was $21.1 million

    - Total operating expenses for the quarter ended September 30, 2012 were $5.4 million

    - The Company's net cash used in operations for fiscal 2012 was $15.3 million

    - (Cash provided by financing activities was $10.8 million, primarily due to the issuance of Arrowhead common stock.)

    -As of September 30, 2012, Arrowhead had cash and cash equivalents of $3.4 million (+ recent financing)

    Great, more shares are going to be needed, and spending with what they are going to do is only going up.

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    • Recent financing: The Company has received commitments and indications for approximately $4 million in gross proceeds.

      At this rate the company is using about 1.3 Million/quarter. This means the recent financing was done when there was almost no cash left. And this will probably be enough for less than 3 months. Especially when doing pre ind/tox studies and all the other things they have going on.

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