Movano Inc

NASDAQ:MOVEUnited States

NASDAQ FSI:D. Deficient (Issuer failed to meet continued listing requirements)

Apr 4, 2024

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• Movano Health Reports 2023 Financial Results and Provides Business Update, from 4:30PM ET on Thursday Apr 04, 2024 by PR Newswire

  4:30PM ET on Thursday Apr 04, 2024 by PR Newswire
  Companies Mentioned: MOVE

  Executes $24 million funding extending cash runway Focuses on 2024 strategic pathway to FDA clearances driving B2B opportunities Plans launch of Evie Med Conference Call at 2:00 PM PT/ 5:00 PM ET Today

• Movano Health Reports 2023 Financial Results and Provides Business Update, from 4:30PM ET on Thursday Apr 04, 2024 by Dow Jones

  4:30PM ET on Thursday Apr 04, 2024 by Dow Jones
  Companies Mentioned: MOVE
  equivalents $ 6,118 $ 10,759 Payroll tax credit, current portion 450 379 Vendor deposits 399 103 Inventory 1,114 -- Prepaid expenses and other current assets 442 405 -------------------------------- ---------------------------- Total current assets 8,523 11,646 Property and equipment, net 342 443 Payroll tax credit, noncurrent portion 169 667 Other assets 387 487 -------------------------------- ---------------------------- Total assets $ 9,421 $ 13,243 ================================ ============================ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 3,118 $ 557 Deferred revenue 1,252 -- Other current liabilities 1,529 4,421 -------------------------------- ---------------------------- Total current liabilities 5,899 4,978 Noncurrent liabilities: Early exercised stock option liability 23 136 Other noncurrent liabilities 50 214 -------------------------------- ---------------------------- Total noncurrent liabilities 73 350 -------------------------------- ---------------------------- Total liabilities 5,972 5,328 -------------------------------- ---------------------------- Stockholders' equity: Common stock 6 3 Additional paid-in capital 127,823 103,009 Accumulated deficit (124,380) (95,097) -------------------------------- ---------------------------- Total stockholders' equity 3,449 7,915 -------------------------------- ---------------------------- Total liabilities and stockholders' equity $ 9,421 $ 13,243 ================================ ============================ Movano Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (In thousands, except share and per share data) (Unaudited) Three Months Ended December 31, Year Ended December 31, --------------------------------------------- ------------------------------------- 2023 2022 2023 2022 --------------------- ---------------------- ----------------- ------------------ OPERATING EXPENSES: Research and development $ 3,192 $ 5,145 $ 16,893 $ 18,994 Sales, general and administrative 2,832 2,876 12,797 11,468 --------------------- ---------------------- ----------------- ------------------ Total operating expenses 6,024 8,021 29,690 30,462 --------------------- ---------------------- ----------------- ------------------ Loss from operations (6,024) (8,021) (29,690) (30,462) --------------------- ---------------------- ----------------- ------------------ Other income (expense), net: Interest and other income, net 66 94 407 133 --------------------- ---------------------- ----------------- ------------------ Other income (expense), net 66 94 407 133 Net loss and total comprehensive loss $ (5,958) $ (7,927) $ (29,283) $ (30,329) ===================== ====================== ================= ================== Net loss per share, basic and diluted $ (0.11) $ (0.24) $ (0.63) $ (0.92) ===================== ====================== ================= ================== Weighted average shares used in computing net loss per share, basic and diluted 53,250,053 33,606,680 46,195,403 33,025,721 ===================== ====================== ================= ==================
  

• *DJ Movano 4Q Loss/Shr 11c >MOVE, from 4:30PM ET on Thursday Apr 04, 2024 by Dow Jones

  4:30PM ET on Thursday Apr 04, 2024 by Dow Jones
  Companies Mentioned: MOVE