BIOMX Inc. Reports Q1 2023 Net Loss of $6.4 Million Amid Revenue Growth

BIOMX Inc.(PHGE), a prominent pl ayer in the biotechnology sector, has announced its financial results for the first quarter of 2023. The company experienced a net loss of $6.4 million during this period while achieving revenue of $2.0 million. The financial data, disclosed in the unaudited condensed consolidated financial statements, reflects both the challenges and progress the company has encountered in its operations.

Current Assets and Non-Current Assets

As of March 31, 2023, BIOMX reported total assets amounting to $41.4 million, compared to $45.5 million on December 31, 2022. The company's current assets decreased from $36.9 million to $32.9 million, primarily due to lower cash and cash equivalents and restricted cash holdings.

Liabilities and Stockholders' Equity