Compass Pathways Q3 EPS $(0.67) Vs $(0.43) YoY, Cash $248.0M, Runway Lengthened to Late 2025
Portfolio Pulse from Benzinga Newsdesk
Compass Pathways reported Q3 earnings per share (EPS) of $(0.67), a decrease from $(0.43) year over year. The company also reported cash holdings of $248.0M, extending its runway to late 2025.
November 02, 2023 | 11:05 am
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Compass Pathways reported a decrease in Q3 EPS, which may negatively impact investor sentiment. However, the company's extended runway to late 2025 due to increased cash holdings may offset some concerns.
The decrease in EPS indicates a decline in profitability, which could negatively impact the stock price. However, the extended runway due to increased cash holdings may reassure investors about the company's financial stability, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100