ProMIS reports Q2 2026 net loss of $11.7 million and $53.4 million in cash
ProMIS Neurosciences reported a net loss of $11.7 million, or $1.28 per share, for the quarter ended June 30, 2026, up from a $10.1 million loss a year earlier. Cash and short-term investments were $53.4 million, which the company says will fund operations through 2027, past the expected first quarter 2027 topline readout from its PRECISE-AD trial. Per-share loss narrowed mainly because of more weighted-average shares after a January 2026 financing.
Key points
- Q2 2026 net loss was $11.7 million ($1.28 per share), versus $10.1 million ($7.26 per share) in Q2 2025
- Cash and short-term investments were $53.4 million at June 30, 2026, up from $6.1 million at December 31, 2025
- The increase reflects $70.1 million in net proceeds from a January 2026 private placement, in which certain directors and management participated
- Unblinded 12-month PRECISE-AD topline data is expected in the first quarter of 2027
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.