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Nuvectis Pharma(NVCT) - 2023 Q4 - Annual Results
NVCTNuvectis Pharma(NVCT)2024-03-05 13:17

Exhibit 99.1 Nuvectis Pharma, Inc. Reports Fiscal Year 2023 Financial Results and Business Highlights Full Year 2023 Financial Results Cash, and cash equivalents were 19.1millionasofDecember31,2023,comparedto19.1 million as of December 31, 2023, compared to 20.0 million as of December 31, 2022. The decrease of 0.9millionwasaresultoftheCompanyscontinuedoperations,offsetprimarilybytheexerciseofwarrantsissuedinour2022PIPEtransaction.TheCompanysnetlosswas0.9 million was a result of the Company's continued operations, offset primarily by the exercise of warrants issued in our 2022 PIPE transaction. The Company's net loss was 22.3 million for the year ended December 31, 2023, compared to $ ...