Science 37 Holdings Plans To Exit FY23 With More Than $50M Of Cash In Hand
Portfolio Pulse from Benzinga Newsdesk
Science 37 Holdings, Inc. (NASDAQ:SNCE) expects its cash burn in Q3 2023 to be less than $10 million, and for the second half of 2023 to be less than $15 million. The company plans to exit FY23 with more than $50 million of cash in hand.
August 08, 2023 | 10:15 am
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Science 37 Holdings expects to have more than $50 million in cash at the end of FY23, with cash burn in Q3 and H2 2023 expected to be less than $10 million and $15 million respectively.
The company's expectation of a lower cash burn rate and a significant cash balance at the end of FY23 indicates a strong financial position. This could potentially attract investors, leading to a positive impact on the stock price in the short term.
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