Rezolute Q1 Net Loss $14.5M; Cash, Cash Equivalents And Investment sIn Marketable Debt Securities Totaled $106.9M As Of Sept. 30
Portfolio Pulse from Benzinga Newsdesk
Rezolute, Inc. reported a net loss of $14.5 million for Q1. As of September 30, the company had a total of $106.9 million in cash, cash equivalents, and investments in marketable debt securities.
November 13, 2023 | 10:29 pm
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Rezolute, Inc. reported a significant net loss of $14.5 million for the first quarter. However, the company maintains a strong liquidity position with $106.9 million in cash and investments.
The reported net loss of $14.5 million is likely to be viewed negatively by investors, potentially leading to a short-term decrease in stock price. However, the company's strong cash position may provide some cushion against the negative impact of the loss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100