PepGen Q3 EPS $(0.98) Misses $(0.88) Estimate; Ended Q3 With Cash And Cash Equivalents Of $129.5M With Cash Runway Expected Into 2025
Portfolio Pulse from Benzinga Newsdesk
PepGen (NASDAQ:PEPG) reported Q3 losses of $(0.98) per share, missing the analyst consensus estimate of $(0.88) by 11.36%. This is a 24.05% decrease over losses of $(0.79) per share from the same period last year. The company ended Q3 with cash and cash equivalents of $129.5M, with a cash runway expected into 2025.
November 08, 2023 | 1:06 pm
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PepGen's Q3 earnings missed estimates, with losses increasing by 24.05% YoY. However, the company has a strong cash position, expected to last until 2025.
PepGen's Q3 earnings missed estimates, which could negatively impact investor sentiment and the stock price in the short term. However, the company's strong cash position could provide some reassurance to investors about its financial stability, potentially mitigating some of the negative impact.
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