Aura Biosciences Q2 EPS $(0.48) Down From $(0.46) YoY; Cash, Cash Equivalents, And Marketable Securities Of $162M Are Expected To Be Sufficient To Fund Its Operations Into 2H Of 2025
Portfolio Pulse from Benzinga Newsdesk
Aura Biosciences reported Q2 losses of $(0.48) per share, a 4.35% decrease from the same period last year. The company's cash, cash equivalents, and marketable securities of $162M are expected to fund its operations into the second half of 2025.
August 09, 2023 | 11:28 am
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Aura Biosciences reported a YoY decrease in Q2 earnings. However, the company's financial position remains strong with $162M in assets expected to fund operations until 2H 2025.
Aura Biosciences reported a YoY decrease in Q2 earnings, which could negatively impact the stock price in the short term. However, the company's strong financial position, with $162M in assets, could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100