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Axe Compute Inc.

Axe Compute Inc. Q1 FY2024 earnings call

May 15, 2024 · fiscal period ended 2024-03

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Summary

Generated 2024-05-15

Management highlights

  • Completed a retrospective multiyear study with UPMC Magee-Womens Hospital on ovarian cancer, achieving strong predictive models with high accuracy, and the study's abstract was accepted for presentation at ASCO.
  • Collaborated with Fujifilm to co-market EndoPrep sample treatment technology and PYROSTAR bacterial endotoxin detection reagent.
  • Made progress with FluGen on a first-of-its-kind intranasal flu vaccine under a $6.2 million Phase IIb grant from the US Department of Defense.
  • Developed a novel protein expression method for G protein-coupled receptors and other membrane protein classes, supporting drug discovery.
  • Provided updates on collaborations with Cvergenx, working on genomics-based precision radiation therapy and drug discovery using AI.
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Segment performance

In the first quarter of 2024, Predictive Oncology recorded revenues of $420,000. The Eagan operating segment was the primary contributor, generating $404,000 in revenues for the quarter ended March 31, 2024, which accounts for approximately 96.19% of the total revenue. In the comparable period of 2023, revenues were $240,000, with the Eagan segment contributing $216,000, making up 90% of that total.

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Q&A highlights

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Key numbers

Reported versus consensus

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Transcript

May 15, 2024

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