Trevena Q2 EPS $(0.69) Up From $(2.25) YoY, Sales $3.02M
Portfolio Pulse from Benzinga Newsdesk
Trevena (NASDAQ:TRVN) reported Q2 losses of $(0.69) per share, a 69.33% increase over losses of $(2.25) per share from the same period last year. The company reported $3.02 million in sales this quarter. Cash and cash equivalents were $28.1 million as of June 30, 2023.
August 14, 2023 | 11:23 am
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Trevena reported a 69.33% YoY improvement in Q2 losses and $3.02M in sales. Cash and cash equivalents were $28.1M.
Trevena's Q2 report shows a significant improvement in losses compared to the same period last year, which could be seen as a positive sign by investors. The reported sales and cash position also provide a positive outlook for the company's financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100