ESSA Pharma Q4 EPS $(0.12) Up From $(0.14) YoY with Cash Balance of $148.1M and a Runway Likely to Fund its Planned Operations Through 2025
Portfolio Pulse from Benzinga Newsdesk
ESSA Pharma (NASDAQ:EPIX) reported a narrower Q4 loss of $(0.12) per share compared to $(0.14) per share in the same quarter last year. The company also reported a cash balance of $148.1M, which is expected to fund its operations through 2025.
December 12, 2023 | 12:05 pm
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POSITIVE IMPACT
ESSA Pharma reported a reduced quarterly loss and a strong cash position, indicating improved financial health and operational stability for the near future.
The improvement in quarterly EPS and a significant cash balance are positive indicators for ESSA Pharma's financial stability. The cash runway through 2025 reduces immediate financial risk, which could lead to increased investor confidence and potentially a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100