Artelo Q2 Net Loss Declines 33% YoY, Here Is What You Need To Know
Portfolio Pulse from Vuk Zdinjak
Artelo Biosciences, Inc. (NASDAQ:ARTL) reported Q2 2023 financial results, showing a 33% YoY decrease in net loss to $1.6 million. Operating expenses were $1.8 million, down from $2.5 million in the same period in 2022. The company had $14.0 million in cash and investments as of June 30, 2023. Artelo also provided updates on its clinical trials, including the initiation of phase 2a of the CAReS trial and the presentation of preclinical data from multiple animal studies.
August 10, 2023 | 3:16 pm
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Artelo Biosciences reported a decrease in net loss and operating expenses for Q2 2023, indicating improved financial performance. The company also provided updates on its clinical trials, which could potentially drive future growth.
Artelo's decreased net loss and operating expenses indicate improved financial performance, which is generally viewed positively by investors. Additionally, the updates on the company's clinical trials suggest progress in its product pipeline, which could potentially drive future growth and positively impact the stock price.
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