Titan Pharmaceuticals Inc. reported a net loss of $563,000 for its first quarter on May 14, 2025. The New York-based company announced a loss of 62 cents per share for the period. This represents a slight improvement compared to the $1.0 million net loss reported in Q1 2024, as noted in the company context.
The operating expenses for Q1 2025 were $534,000, a decrease from $1,063,000 in Q1 2024, primarily due to reduced personnel-related expenses. This reduction reflects the company's significantly reduced cost structure following the divestiture of its core ProNeura assets.
While the company continues to report losses, the reduced operating expenses indicate a leaner operational footprint. This financial update is crucial for investors monitoring Titan's progress towards its strategic transformation and managing its cash runway.
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