Theseus Pharmaceuticals Q2 EPS $(0.34) Down From $(0.30) YoY; Cash Position Of $234.2M Is Expected To Provide Cash Runway Into 2026
Portfolio Pulse from Benzinga Newsdesk
Theseus Pharmaceuticals reported Q2 losses of $(0.34) per share, a 13.33% decrease YoY. The company's cash position of $234.2M is expected to provide a cash runway into 2026.
August 10, 2023 | 11:07 am
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Theseus Pharmaceuticals reported a YoY decrease in Q2 earnings. However, its strong cash position is expected to provide financial stability until 2026.
Theseus Pharmaceuticals reported a decrease in earnings, which could negatively impact the stock price in the short term. However, the company's strong cash position, which is expected to last until 2026, provides a level of financial stability that may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100