Akari Therapeutics H1 2023 Net Loss Of $2.99M Versus $10.8M A Year Ago, Cash Balance Of Approximately $7.2M Sufficient To Fund Operations Into Q1 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Akari Therapeutics reported a net loss of $2.99M for H1 2023, a significant improvement from the $10.8M loss a year ago. The company's cash balance of approximately $7.2M is expected to fund operations into Q1 of 2024.
September 29, 2023 | 12:04 pm
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Akari Therapeutics reported a reduced net loss for H1 2023 compared to the previous year. The company's cash balance is expected to sustain operations until Q1 2024.
The significant reduction in net loss indicates improved financial performance, which could positively impact investor sentiment and potentially drive the stock price up in the short term. The company's cash balance being sufficient to fund operations into Q1 2024 also provides a level of financial stability, which is typically viewed favorably by investors.
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