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Investor Relations14 Oct 2025
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Incannex Healthcare (IXHL) investor relations material
Incannex Healthcare Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Sep, 2025
Executive summary
Clinical-stage biopharmaceutical company focused on developing IHL-42X (obstructive sleep apnea), PSX-001 (generalized anxiety disorder), and IHL-675A (rheumatoid arthritis).
Fiscal year ended June 30, 2025, marked by significant clinical progress, including positive Phase 2/3 data for IHL-42X and Phase 2 results for PSX-001.
Revenue from clinic services increased, but no product sales yet; company remains pre-commercial.
Expanded ATM facility by $100 million to enhance financial flexibility.
Financial highlights
Revenue from customers was $86,000, up 617% year-over-year, driven by expansion of clinic services.
Net loss for FY2025 was $46.9 million, compared to $18.5 million in FY2024, primarily due to changes in fair value of warrants and convertible debt.
R&D expenses decreased by $2.1 million to $10.7 million due to a temporary pause in development activities.
General and administrative expenses decreased by $4.0 million to $13.1 million, mainly from lower equity compensation.
Cash and cash equivalents at June 30, 2025, were $15.0 million, with unrestricted cash of $73.4 million as of September 29, 2025.
Accumulated comprehensive losses totaled $157.6 million as of June 30, 2025.
Outlook and guidance
Management believes current cash and financing arrangements are sufficient to fund operations for at least 12 months.
R&D expenses expected to increase as clinical programs advance.
No material product revenue expected until drug candidates receive regulatory approval.
IHL-42X Phase 3 trial design rationale
PSX-001 patent protection strategy details
Nasdaq listing compliance plan details
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Next Incannex Healthcare earnings date
Q1 202613 Nov, 2025
Next Incannex Healthcare earnings date
Q1 202613 Nov, 2025
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Frequently asked questions
Incannex Healthcare Inc. is a clinical-stage pharmaceutical company focused on developing medicinal cannabis and psychedelic pharmaceutical products. The company is engaged in the research, development, and commercialization of therapies aimed at addressing a range of medical conditions. These include obstructive sleep apnea (OSA), traumatic brain injury (TBI), lung inflammation, rheumatoid arthritis, inflammatory bowel disease, anxiety, addiction, and chronic pain. Incannex Healthcare's product portfolio consists of both cannabinoid-based formulations and novel psychedelic therapies, which are in various stages of clinical development. The company is headquartered in Sydney, Australia, and its shares are listed on the NASDAQ.
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