Tango Therapeutics Q2 EPS $(0.23) Up From $(0.28) YoY; Q2 Cash, Cash Equivalents And Marketable Securities Of $310.7M, Expected To Be Sufficient To Fund Operations Into 2026
Portfolio Pulse from Benzinga Newsdesk
Tango Therapeutics reported Q2 losses of $(0.23) per share, a 17.86% improvement from $(0.28) per share YoY. The company's cash, cash equivalents and marketable securities stand at $310.7M, expected to fund operations until 2026.
August 07, 2023 | 11:18 am
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POSITIVE IMPACT
Tango Therapeutics reported improved Q2 losses and has sufficient funds to operate until 2026.
Tango Therapeutics reported a decrease in losses YoY, indicating improved financial performance. Additionally, the company's substantial cash and securities holdings suggest a strong financial position, which could positively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100