Short answer
MeiraGTx Holdings plc (MGTX) filed its Q1 2026 10-Q quarterly report on May 14, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $293,000 with net income of −$46M.
Q1 2026 key financials · XBRL
- Revenue
- $293,000
- Net income
- −$46M
- −15.8% YoY
- Operating margin
- -13930.7%
- EPS (diluted)
- −$0.57
- −11.8% YoY
Source: XBRL data from the MeiraGTx Holdings plc (MGTX) Q1 2026 10-Q on SEC EDGAR. USD.
MeiraGTx Holdings plc Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No product revenue; net loss $46.3M vs $40.0M YoY
- Operating expenses $41.1M vs $43.5M YoY
- Cash, equivalents and restricted cash $73.8M at March 31, 2026
- Hologen payments totaled $105.0M; approximately $100.0M equity proceeds expected in Q2 2026
- Liquidity expected to fund operations into second half of 2028, subject to additional financing risks
Risk Factors
- Equity dilution risk: $14.0 million raised from 1,770,729 ATM shares during the quarter
- Ownership concentration: insiders, directors, and 5% shareholders control approximately 49.4% of ordinary shares
- Financing risk: April 2026 equity sale of 11.1 million shares at $9.00 generated approximately $100.0 million gross proceeds
- Currency risk: unhedged fluctuations between the U.S. dollar, pound sterling, and euro may affect results and cash flows
- Compliance risk: Section 404 testing could identify material weaknesses in internal controls over financial reporting
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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