Acurx Pharmaceuticals Q2 EPS $(0.28) Beats $(0.29) Estimate; Cash At hand $9.1M
Portfolio Pulse from Benzinga Newsdesk
Acurx Pharmaceuticals reported Q2 losses of $(0.28) per share, beating the analyst consensus estimate of $(0.29) by 3.45%. This is a 7.69% decrease over losses from the same period last year. The company ended the quarter with cash totaling $9.1 million.

August 14, 2023 | 11:08 am
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NEUTRAL IMPACT
Acurx Pharmaceuticals reported better than expected Q2 losses and maintained a steady cash position. However, losses increased compared to the same period last year.
Acurx Pharmaceuticals reported a smaller loss than expected, which is generally positive for the stock. However, the fact that the loss increased compared to the same period last year could offset this positive impact. The steady cash position indicates no significant changes in the company's liquidity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100