Belite Bio Q2 EPS $(0.26) Down From $(0.12) YoY
Portfolio Pulse from Benzinga Newsdesk
Belite Bio (NASDAQ:BLTE) reported Q2 losses of $(0.26) per share, a 116.67% decrease from $(0.12) per share YoY. The company had $57.4 million in cash as of June 30, 2023.
August 09, 2023 | 6:05 am
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Belite Bio's Q2 losses have deepened significantly compared to the same period last year. However, the company maintains a cash position of $57.4 million.
The significant increase in losses YoY indicates a worsening financial performance, which could negatively impact investor sentiment and the stock price. However, the company's cash position could provide some buffer against immediate financial distress.
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IMPORTANCE 80
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