COMPASS Pathways Expects Q3 Operating Cash Flow of $(2)M - $18M
Portfolio Pulse from Benzinga Newsdesk
COMPASS Pathways (CMPS) expects its Q3 2023 net cash from operating activities to range from $(2) million to $18 million. This includes the amount receivable from the R&D tax credit in the UK. The full-year 2023 net cash used in operating activities is expected to be between $80 million and $90 million.
August 04, 2023 | 12:58 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
COMPASS Pathways' Q3 2023 net cash from operations is expected to range from $(2) million to $18 million, including the UK R&D tax credit. Full-year net cash usage is projected to be $80 million to $90 million.
The news directly pertains to COMPASS Pathways' financial performance. While the expected range for Q3 2023 net cash from operations is wide, it includes potential benefits from the UK R&D tax credit. The full-year net cash usage is also significant. However, without additional context such as comparison to previous periods or analyst expectations, the impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100