Praxis Precision Medicine Q2 EPS $(0.49) Up From $(1.32) YoY; Cash Of $124.3M Expected To Support Runway Into Q1 2025
Portfolio Pulse from Benzinga Newsdesk
Praxis Precision Medicine (NASDAQ:PRAX) reported Q2 losses of $(0.49) per share, a 62.88% improvement from $(1.32) per share losses in the same period last year. The company's cash of $124.3M is expected to support its operations until Q1 2025.
August 09, 2023 | 11:26 am
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POSITIVE IMPACT
Praxis Precision Medicine reported improved Q2 losses and has sufficient cash to support operations until Q1 2025.
The reported Q2 losses are an improvement from the same period last year, indicating a positive trend in the company's financial performance. The company's cash position is also strong, which is expected to support its operations until Q1 2025. This could potentially boost investor confidence and have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100