Dare Bioscience Inc (OQ:DARE)

Business Focus: Biotechnology & Medical Research

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 3655 Nobel Dr Ste 260
SAN DIEGO CA 92122-1050
Tel: N/A
Website: https://www.darebioscience.com
IR: See website
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Key People
Sabrina Martucci Johnson
President, Chief Executive Officer, Principal Financial Officer, Company Secretary, Director
John Fair
Chief Commercial Officer
 
Business Overview
Dare Bioscience, Inc. is a biopharmaceutical company committed to advancing products for women's health. XACIATO, the Company's United States Food and Drug Administration (FDA)-approved product, vaginal gel 2%, a lincosamide antibacterial indicated for the treatment of bacterial vaginosis in female patients 12 years of age and older, which is under a global license agreement with Organon. Its clinical-stage programs include Ovaprene; Sildenafil Cream, 3.6%; DARE-HRT1; DARE-VVA1; DARE-CIN; DARE-PDM1; DARE-204 and DARE-214, and DARE-FRT1 and DARE-PTB1. Its pre-clinical stage programs include DARE-LARC1, DARE-LBT, DARE-GML, DARE-RH1 and DARE-PTB2. Ovaprene, is a hormone-free monthly intravaginal contraceptive. Sildenafil Cream, 3.6%, is a cream formulation of sildenafil, the active ingredient in Viagra, to treat female sexual arousal disorder (FSAD). DARE-HRT1, is a combination bio-identical estradiol and progesterone intravaginal ring for menopausal hormone therapy.
Financial Overview
For the fiscal year ended 31 December 2023, Dare Bioscience Inc revenues decreased 72% to $2.8M. Net loss decreased 3% to $30.2M. Revenues reflect License fee revenue decrease of 90% to $1M. Lower net loss reflects Research and development expenses decrease of 29% to $20.7M (expense), Other income increase of 78% to $778K (income), Operating lease cost decrease of less than 1% to $600K (expense).
Employees: 23 as of Mar 27, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $18.29M as of Dec 31, 2023
Annual revenue (TTM): $2.81M as of Dec 31, 2023
EBITDA (TTM): -$30.90M as of Dec 31, 2023
Net annual income (TTM): -$30.16M as of Dec 31, 2023
Free cash flow (TTM): -$39.49M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 100,581,900 as of Mar 27, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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