Monte Rosa Therapeutics Q3 EPS $(0.70) Beats $(0.72) Estimate; Cash, Cash Equivalents, Restricted Cash, And Marketable Securities Of $183M Sufficient To Fund Planned Operations And Capital Expenditures Into 1H Of 2026
Portfolio Pulse from Benzinga Newsdesk
Monte Rosa Therapeutics (NASDAQ:GLUE) reported Q3 losses of $(0.70) per share, beating the analyst consensus estimate of $(0.72) by 2.78%. This is a 20.69% decrease over losses of $(0.58) per share from the same period last year. The company's cash, cash equivalents, restricted cash, and marketable securities of $183M are sufficient to fund planned operations and capital expenditures into 1H of 2026.
November 09, 2023 | 12:38 pm
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NEUTRAL IMPACT
Monte Rosa Therapeutics reported better than expected Q3 losses and has sufficient funds to support operations until 1H 2026. This could potentially stabilize the stock in the short term.
Monte Rosa Therapeutics reported a smaller loss than expected, which is generally seen as positive by investors. Additionally, the company's strong cash position reduces financial risk and provides stability, which could support the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100