HCW Biologics swings to Q1 profit of $3.47 million; revenue rises to $6.54 million

HCW Biologics, Inc.

HCW Biologics, Inc.

HCWB

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  • HCW Biologics posted net income of USD 3.47 million, swinging from a net loss of USD 2.2 million a year earlier, as revenue rose to USD 6.54 million from USD 5,065.
  • Operating results turned to income of USD 3.24 million from a loss of USD 1.97 million, while research and development expense fell 15% to USD 1.26 million.
  • General and administrative expense dropped 18% to USD 1.83 million, while interest expense narrowed to USD 109,274 from USD 255,822.
  • HCW Biologics recorded USD 667,343 in change in fair value of warrant liability, while net income attributable to common stockholders was USD 1.98 million, swinging from a loss of USD 2.2 million.
  • Trimmune paid a nonrefundable upfront license fee on March 16, driving USD 6.5 million of recognized revenue, while HCW9302 Phase 1 data in alopecia areata is expected in Q4 2026 and HCW11-018b IND-enabling work is expected to finish in first half of 2027.


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