SCYX - SCYNEXIS GAAP EPS of -$1.05 misses by $0.28 revenue of $0.6M misses by $0.56M

SCYNEXIS press release (NASDAQ:SCYX): Q4 GAAP EPS of -$1.05 misses by $0.28. Revenue of $0.6M misses by $0.56M. Cash and cash equivalents totaled $104.5 million on December 31, 2021, compared to $93.0 million in cash, and cash equivalents on December 31, 2020. Based upon its existing operating plan, the Company believes that its existing cash and cash equivalents, the funding of $5.0 million from the third tranche of the previously reported Term Loan Agreement with Hercules Capital/SVB for positive CANDLE study top-line data, and receipt of $4.7 million in conjunction with the sale of New Jersey Net Operating Losses will enable us to fund our operating requirements into the second quarter of 2023.

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SCYNEXIS GAAP EPS of -$1.05 misses by $0.28, revenue of $0.6M misses by $0.56M