Avenue Therapeutics ( (ATXI) ) has released its Q3 earnings. Here is a breakdown of the information Avenue Therapeutics presented to its investors.
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Avenue Therapeutics, Inc. is a specialty pharmaceutical company focused on developing and commercializing therapies for neurologic diseases, with a current focus on intravenous tramadol for post-operative acute pain. The latest earnings report for the quarter ended September 30, 2025, reveals significant financial and strategic developments for Avenue Therapeutics. The company reported a net loss of $683,000 for the quarter, a substantial improvement from the $3.1 million loss in the same period last year. This reduction in losses is attributed to a decrease in operating expenses, which fell to $724,000 from $3.2 million, primarily due to reduced research and development costs. Avenue also reported other revenue of $1.4 million for the nine months ended September 30, 2025, related to a terminated license agreement with AnnJi Pharmaceutical Co. Ltd. Despite these improvements, Avenue continues to face challenges, including its delisting from Nasdaq and ongoing financial uncertainties. The company has been trading on the over-the-counter market since March 2025. Looking ahead, Avenue Therapeutics remains focused on securing additional funding to support its operations and potential Phase 3 safety study for IV tramadol, as it continues to navigate financial challenges and strategic shifts.