Gain Therapeutics Q2 EPS $(0.62) Misses $(0.31) Estimate; Cash, Cash Equivalents And Marketable Securities Of $16.2M Is Expected To Provide Cash Runway Into Q3 2024
Portfolio Pulse from Benzinga Newsdesk
Gain Therapeutics (NASDAQ:GANX) reported Q2 losses of $(0.62) per share, missing the analyst consensus estimate of $(0.31) by 100 percent. This is a 44.19 percent decrease over losses from the same period last year. The company's cash, cash equivalents and marketable securities of $16.2M is expected to provide cash runway into Q3 2024.
August 10, 2023 | 11:37 am
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NEGATIVE IMPACT
Gain Therapeutics reported a larger than expected loss for Q2, which could negatively impact the stock price in the short term. However, the company's cash position is expected to last until Q3 2024, providing some stability.
The company's larger than expected loss for Q2 is likely to negatively impact investor sentiment and potentially the stock price. However, the company's strong cash position could provide some stability and mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100