Brainstorm Cell Q2 EPS $(0.13) Beats $(0.15) Estimate
Portfolio Pulse from Benzinga Newsdesk
Brainstorm Cell (NASDAQ:BCLI) reported Q2 losses of $(0.13) per share, beating the analyst consensus estimate of $(0.15) by 13.33%. This is a 31.58% increase over losses from the same period last year. Cash, cash equivalents, and short-term bank deposits were approximately $0.75 million as of June 30, 2023, compared to $3.0 million as of December 31, 2022.
August 14, 2023 | 11:06 am
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Brainstorm Cell's Q2 results beat analyst estimates, showing an improvement in losses compared to last year. However, their cash and equivalents have significantly decreased.
While Brainstorm Cell's Q2 results beat analyst estimates and showed an improvement in losses compared to last year, the significant decrease in their cash and equivalents could be a concern for investors. This could potentially impact the company's ability to fund operations in the short term.
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