Aravive, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 1.49 million compared to USD 1.09 million a year ago. Net loss was USD 49.96 million compared to USD 13.06 million a year ago.

Basic loss per share from continuing operations was USD 0.66 compared to USD 0.62 a year ago.