Tonix Pharmaceuticals ( (TNXP) ) has released its Q2 earnings. Here is a breakdown of the information Tonix Pharmaceuticals presented to its investors.
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Tonix Pharmaceuticals Holding Corp. is a biotechnology company focused on developing therapies for pain management and vaccines for public health challenges, with a notable emphasis on fibromyalgia treatment. In its latest earnings report for the quarter ending June 30, 2025, Tonix Pharmaceuticals highlighted a significant increase in cash and cash equivalents, totaling $125.3 million, up from $98.8 million at the end of 2024. However, the company reported a net loss of $28.3 million for the quarter, an improvement from the $78.8 million loss in the same period last year. The company’s revenue slightly decreased to $2 million from $2.2 million in the previous year, while operating expenses were reduced significantly, contributing to a smaller operating loss compared to the previous year. Tonix Pharmaceuticals continues to advance its pipeline with TNX-102 SL for fibromyalgia, which has a PDUFA goal date in August 2025, and is progressing with TNX-1500 for organ transplant rejection prevention. Looking ahead, Tonix Pharmaceuticals is focused on securing additional funding to support its operations and research initiatives, as its current cash resources are expected to sustain operations into the third quarter of 2026.