Item 8.01 Other
Events
ENDRA
Life Sciences Inc. (the “Company”) is providing a
summary of certain preliminary estimates regarding its financial
results for the quarter ended March 31, 2021. This preliminary
financial information is based upon the Company’s estimates
and is subject to completion of its financial closing procedures.
Moreover, this preliminary financial information has been prepared
solely on the basis of information that is currently available to,
and that is the responsibility of, management. The Company’s
independent registered public accounting firm has not audited or
reviewed, and does not express an opinion with respect to, this
information. This preliminary financial information is not a
comprehensive statement of the Company’s financial results
for the quarter ended March 31, 2021 and remains subject to, among
other things, the completion of financial closing procedures, final
adjustments, completion of the Company’s internal review and
review by its independent registered public accounting firm of its
financial statements for the quarter ended March 31, 2021, which
may materially impact the results and expectations set forth
below.
The
Company expects no revenue for the quarter ended March 31, 2021 and
did not have revenue for the quarter ended March 31,
2020.
The
Company expects to record a net loss of approximately $2.5 million
for the quarter ended March 31, 2021 compared to a net loss of
approximately $3.3 million for the quarter ended March 31,
2020.
As of March 31, 2021, the Company had $16.8 million of cash and
cash equivalents.
Forward-Looking Statements
All statements in this report that are not based on historical fact
are “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements, which
are based on certain assumptions and describe future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as “believe,”
“expect,” “may,” “will,”
“should,” “could,” “seek,”
“intend,” “plan,” “goal,”
“explore,” “estimate,”
“anticipate” or other comparable terms. Examples of
forward-looking statements include, among others, preliminary
financial information. The forward-looking statements made in this
report speak only as of the date of this report, and the Company
assumes no obligation to update any such forward-looking statements
to reflect actual results or changes in expectations, except as
otherwise required by law.