GH Research Q2 EPS $(0.15) Down From $(0.01) YoY, Cash Balance of $238.1M Sufficient to Fund Operating Expenses, Capital Expenditure into 2026
Portfolio Pulse from Benzinga Newsdesk
GH Research reported Q2 losses of $(0.15) per share, a 2400% increase from $(0.01) per share YoY. The company's cash balance of $238.1M is expected to cover operating expenses and capital expenditure until 2026.
August 23, 2023 | 11:03 am
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GH Research reported a significant increase in Q2 losses. However, the company's cash balance is expected to cover expenses until 2026.
The significant increase in losses could negatively impact GHRS's stock price in the short term. However, the company's strong cash balance, which is expected to cover expenses until 2026, may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100