Full Press Release Details
EXCERPT FROM PROSPECTUS
ndra_ex991.htm EXHIBIT 99.1
Recent Financial Results
Below is a summary of certain preliminary estimates regarding our financial results for the quarter ended March 31, 2024. This preliminary financial information is based upon our estimates and is subject to completion of our financial closing procedures. Moreover, this preliminary financial information has been prepared solely on the basis of information that is currently available to, and that is the responsibility of, management. Our independent registered public accounting firm has not audited or reviewed, and does not express an opinion with respect to, this information. This preliminary financial information is not a comprehensive statement of our financial results for the quarter ended March 31, 2024, and remains subject to, among other things, the completion of our financial closing procedures, final adjustments, completion of our internal review and review by our independent registered public accounting firm of our financial statements for the quarter ended March 31, 2024.
We expect no revenue for the quarter ended March 31, 2024 and did not have any revenue for the quarter ended March 31, 2023.
We expect to record a net loss of approximately $2.8 million for the quarter ended March 31, 2024, compared to a net loss of approximately $2.9 million for the quarter ended March 31, 2023.
As of March 31, 2024, we had total assets of approximately $5.0 million and working capital of approximately $54 thousand, including $1.1 million of cash and cash equivalents.