Lakewood-Amedex Biotherapeutics (LABT) Q1 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2026 earnings summary
22 May, 2026Executive summary
Clinical-stage biopharma focused on novel antimicrobials for infectious diseases, especially antibiotic-resistant strains like MRSA and VRE, with 68 issued and 36 pending patents as of April 2026.
Lead product Nu-3 completed first human trial for diabetic foot ulcers; Phase 2 studies planned, with additional pipeline compounds under development.
Net loss of $0.9 million for Q1 2026, with accumulated deficit of $54.3 million as of March 31, 2026.
Completed $7.5 million Series C Preferred Stock financing in April 2026, improving liquidity but additional capital will be needed beyond Q4 2026.
Financial highlights
Q1 2026 net loss: $923,291, up from $539,617 in Q1 2025.
Operating expenses rose to $886,750 in Q1 2026 from $542,609 in Q1 2025, driven by higher R&D and G&A costs.
Cash and cash equivalents at March 31, 2026: $11,709, down from $236,400 at year-end 2025.
Net cash used in operating activities for Q1 2026: $349,691; net cash provided by financing activities: $125,000.
Accumulated deficit: $54.3 million as of March 31, 2026.
Outlook and guidance
Proceeds from Series C financing and debt conversions expected to fund operations through Q4 2026.
Additional capital will be required to fund operations and execute business plan beyond 2026; management cannot assure such funding will be available.
Planned Phase 2 clinical trials for Nu-3 and continued advancement of early-stage pipeline.
Latest events from Lakewood-Amedex Biotherapeutics
- Experienced management and independent board with strong governance and equity incentives.LABT
Registration filing5 May 2026 - Biotech with novel antimicrobials seeks Nasdaq direct listing; no proceeds to company, high risk.LABT
Registration filing5 May 2026 - Direct listing registers 4.7M shares for resale; biotech targets AMR with novel antimicrobials.LABT
Registration filing5 May 2026 - Direct listing registers 4.7M shares for resale; lead asset targets antibiotic-resistant infections.LABT
Registration filing5 May 2026 - Direct listing enables shareholder resale of 4.7M shares; $7.5M private placement funds Phase 2a trial.LABT
Registration filing5 May 2026 - Direct listing registers 4.7M shares for resale; $7.5M private placement to fund clinical trials.LABT
Registration filing5 May 2026 - Biotech with novel antimicrobials registers shares for resale amid ongoing clinical and financial risk.LABT
Registration filing5 May 2026 - Nu-3 gel, a novel antimicrobial, advances to Phase 2 trials for diabetic foot ulcers amid rising AMR.LABT
Corporate presentation3 May 2026