SCYNEXIS Q2 net income swings to USD 7.4 million; revenue drops 82.8% to USD 235,000 - SCYX News | RalliesSCYNEXIS Q2 net income swings to USD 7.4 million; revenue drops 82.8% to USD 235,000
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SCYX• Pipeline update
- Pipeline focus shifted to SCY-770 for ADPKD, with a Phase 1 confirmatory study due in Q3 2026 and Phase 2 start expected in Q4 2026.
Q2 financial results
- SCYNEXIS posted Q2 net income of USD 7.4 million, swinging from a net loss, as warrant liability gains rose to USD 14.2 million.
- Operating loss narrowed 18.7% to USD 7.78 million; revenue fell 82.8% to USD 235,000.
- R&D expense dropped 45.5% to USD 3.89 million, while SG&A increased 8.9% to USD 4.12 million.
- Cash, cash equivalents and investments totaled USD 71.1 million at June 30, up from USD 56.3 million at Dec. 31.
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