PolyPid Q3 EPS $(3.40) Beats $(4.16) Estimate; Cash And Cash Equivalents And Deposits Of $10.2M
Portfolio Pulse from Benzinga Newsdesk
PolyPid (NASDAQ:PYPD) reported Q3 losses of $(3.40) per share, beating the analyst consensus estimate of $(4.16) by 18.27%. This is a 76.39% increase over losses from the same period last year. The company had cash and cash equivalents and deposits of $10.2 million as of September 30, 2023, which is expected to fund operations into late Q1 2024.
November 08, 2023 | 12:10 pm
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PolyPid's Q3 losses were less than expected, indicating improved financial performance. The company's cash balance is expected to sustain operations into late Q1 2024.
PolyPid's Q3 losses were less than expected, which is a positive sign for investors. The company's cash balance is also sufficient to fund operations into late Q1 2024, reducing the risk of financial instability in the short term.
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