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Clearmind Medicine (CMND) investor relations material
Clearmind Medicine Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Engaged in Phase I/IIa clinical trials for novel psychedelic medicines targeting Alcohol Use Disorder (AUD) and other mental health conditions, with clinical sites in Israel and the US, including Yale and Johns Hopkins.
Advanced intellectual property portfolio with 31 granted patents across 18 families, including new patents in Macau and the US for binge behavior regulation.
Initiated collaborations, such as with Dr. Glitter Pty Ltd, to develop MEAI-based alcohol alternatives using innovative delivery technologies.
Financial highlights
Net loss for the nine months ended July 31, 2025, was $3,169,141, an improvement from $4,369,934 for the same period in 2024.
Operating expenses for the nine months were $4,210,919, down from $4,158,744 year-over-year.
Finance income for the nine months was $1,110,029, up from $69,656 in the prior year, mainly due to gains on warrant liabilities.
Cash and cash equivalents as of July 31, 2025, were $3,495,338, down from $6,573,813 as of October 31, 2024.
Outlook and guidance
Sufficient liquidity is expected for at least twelve months, but future capital requirements may exceed current resources, necessitating additional financing.
Continued focus on advancing clinical trials and expanding the intellectual property portfolio.
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