Lexeo Therapeutics Q3 EPS $(12.36) Down From $(10.38) YoY; Completed Initial Public Offering In November 2023, Raising $111.5M In Gross Proceeds And Supporting Operational Runway Into Q4 2025
Portfolio Pulse from Benzinga Newsdesk
Lexeo Therapeutics (NASDAQ:LXEO) reported a wider Q3 loss of $(12.36) per share compared to $(10.38) per share in the same quarter last year. The company completed its IPO in November 2023, raising $111.5 million, which is expected to fund operations into Q4 2025.
December 11, 2023 | 12:10 pm
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NEUTRAL IMPACT
Lexeo Therapeutics reported a larger loss in Q3 compared to last year but raised significant funds through an IPO to support future operations.
The increased quarterly loss may concern investors, potentially putting downward pressure on the stock. However, the successful IPO and the extended operational runway could offset this by providing financial stability and growth prospects. The net impact is neutral in the short term as the market digests both the negative and positive aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100