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Clearmind Medicine (CMND) investor relations material
Clearmind Medicine Q2 2026 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, with R&D primarily in Israel.
No revenue generated for the six months ended April 30, 2026; operations funded by equity and convertible loans.
Significant share structure changes due to two reverse splits during the period.
Financial highlights
Net loss for six months ended April 30, 2026 was $5,902,236, compared to $1,855,549 for the same period in 2025.
Operating expenses rose to $5,231,124 from $2,803,155 year-over-year, driven by higher G&A and R&D costs.
Cash and cash equivalents increased to $11,415,719 as of April 30, 2026, up from $3,923,058 at October 31, 2025.
Financing activities provided $11,995,163 in cash, mainly from share issuances and convertible loans.
Outlook and guidance
Management believes sufficient working capital will be obtained from external financing, but substantial doubt remains about the ability to continue as a going concern.
Ongoing regional conflicts in Israel present operational uncertainties for clinical trials and business continuity.
- Psychedelic drug developer seeks $10M convertible note to fund trials, enabling resale of up to 22.6M shares.CMND
Registration filing30 Apr 2026 - Net loss increased to $3.85M as R&D and admin costs rose, with cash boosted to $9.26M.CMND
Q1 202615 Apr 2026 - Novel psychedelic AUD therapy in clinical trials, funded by convertible notes, faces dilution and geopolitical risks.CMND
Registration Filing17 Feb 2026 - Net loss narrowed, but ongoing losses, no revenue, and funding needs raise going concern risk.CMND
Q4 202520 Jan 2026 - Developing psychedelic therapies for AUD and obesity, but faces ongoing losses and high risk.CMND
Registration Filing5 Dec 2025 - Registering up to 17M shares for resale, funding R&D of non-hallucinogenic psychedelic therapies.CMND
Registration Filing29 Nov 2025 - Psychedelic drug developer registers resale of 5.78M shares amid clinical trials and compliance risks.CMND
Registration Filing26 Nov 2025 - Clinical trials advanced, net loss narrowed, but future financing remains critical.CMND
Q3 202522 Sep 2025 - Net loss of $1.86M, no revenue, and continued reliance on external financing amid ongoing risks.CMND
Q2 202530 Jun 2025
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