MeiraGTx Hldgs Q2 EPS $(0.53) Up From $(0.76) YoY, Sales $3.54M Down From $10.76M YoY
Portfolio Pulse from Benzinga Newsdesk
MeiraGTx Holdings (NASDAQ:MGTX) reported Q2 losses of $(0.53) per share, a 30.26% improvement from $(0.76) per share YoY. However, sales decreased by 67.10% to $3.54M from $10.76M YoY.
August 10, 2023 | 12:10 pm
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NEGATIVE IMPACT
MeiraGTx Holdings reported improved EPS losses but a significant decrease in sales YoY.
While MeiraGTx Holdings has managed to reduce its losses per share, the significant decrease in sales is a concerning factor. This could potentially impact the company's stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100