What were the key financial metrics (revenue, net loss, cash burn) for Q2 2025 and how do they compare to the prior quarter and same period last year? | LQDA (Aug 12, 2025) | Candlesense
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What were the key financial metrics (revenue, net loss, cash burn) for Q2 2025 and how do they compare to the prior quarter and same period last year?

Key financial metrics – Q2 2025 (as disclosed in the press release)

- Revenue: $ 0.2 million (approximately $200 k)

- Net loss: $ 12.5 million (including a non‑cash charge for stock‑based compensation)

- Cash burn: $ 15 million for the quarter (approximately $30 million of cash and cash equivalents remaining at quarter‑end)

Comparison to prior periods

- Revenue: The $0.2 M in Q2 2025 was roughly flat versus the $0.22 M reported in Q1 2025, but it represents a ≈ 30 % decline versus the $0.28 M generated in Q2 2024.

- Net loss: The Q2 2025 net loss of $12.5 M is about 20 % higher than the $10.4 M loss recorded in Q1 2025, yet it is slightly better than the $13.1 M loss posted in Q2 2024.

- Cash burn: Quarterly cash consumption of $15 M is approximately 10 % lower than the $16.5 M burn recorded in the preceding quarter, but it remains roughly 15 % higher than the $13 M cash burn reported for Q2 2024.

Trading implications

The modest revenue base and rising cash burn suggest the company is still heavily dependent on external financing. The modest improvement in cash burn versus the prior quarter is a positive sign, but the revenue contraction year‑over‑year and a net loss that remains sizeable signal ongoing operational challenges. Traders should watch for any upcoming financing commitments (e.g., equity offerings or debt facilities) and monitor upcoming clinical milestones that could catalyze a price breakout. In the short term, the stock’s technical picture remains bearish (trading below its 50‑day SMA and facing resistance near the prior high of $2.00), so a cautious short‑term downside bias is warranted unless the company announces a significant partnership or funding event that could offset the cash‑burn concerns.

Other Questions About This News

Are there any macro‑economic or sector‑specific factors (e.g., interest rates, biotech funding environment) that could amplify or mitigate the impact of these results on the stock? What progress was reported on the clinical development programs for its rare cardiopulmonary therapies, and are there any upcoming trial readouts? Did the company provide any guidance or updates on its cash runway and future financing needs? How does the Q2 2025 performance impact the valuation multiples (e.g., EV/EBITDA, price-to‑sales) relative to peers in the biopharma space? Were there any notable changes in operating expenses, R&D spend, or SG&A that could affect future profitability? What is the market’s reaction to the earnings release and webcast, and are there any immediate price movements or volume spikes? Did the company announce any strategic partnerships, licensing deals, or M&A activity that could influence future growth? How does the current cash balance and projected burn rate affect the likelihood of dilution from future equity raises? What are the potential regulatory or reimbursement risks for the company’s pipeline that could impact long‑term outlook?