Brief: IMUNON Reports 2022 Loss Per Share Of $5.03

Imunon

30/03/2023 13:57

March 30 (Reuters) - IMUNON Inc  IMNN.O :
    * IMUNON REPORTS 2022 FINANCIAL RESULTS AND PROVIDES
BUSINESS
UPDATE
    * IMUNON INC - FY LOSS PER SHARE $5.03
    * IMUNON INC - IN JUNE 2021, ENTERED INTO $10.0 MILLION LOAN
FACILITY WITH SVB
    * IMUNON INC - IMMEDIATELY USED $6.0 MILLION FROM FACILITY
TO
RETIRE ALL OUTSTANDING INDEBTEDNESS WITH HORIZON TECHNOLOGY
FINANCE CORPORATION
    * IMUNON INC - IN CONNECTION WITH SVB, HORIZON LOAN
FACILITIES,
COMPANY INCURRED $0.5 MILLION IN INTEREST EXPENSE IN 2022,
COMPARED WITH $0.6 MILLION IN 2021
    * IMUNON INC - REPORTED CASH AND CASH EQUIVALENTS OF $38.9
MILLION
AS OF DECEMBER 31, 2022, WHICH IS EXPECTED TO FUND OPERATIONS
INTO 2025

Source text for Eikon:  ID:nGNX2LbKYC 
Further company coverage:  IMNN.O 

 ((Reuters.Briefs@thomsonreuters.com;))