Biocryst Pharmaceuticals Inc Does Not Intend To Draw Additional $150M Of Debt Available To It From Pharmakon; Company Expects Operating Profit In 2024, Approaching Positive EPS And Positive Cash Flow In 2H 2025
Portfolio Pulse from Benzinga Newsdesk
BioCryst Pharmaceuticals Inc. has decided not to draw an additional $150 million of debt available from Pharmakon. The company anticipates achieving operating profit in 2024 and expects to approach positive EPS and positive cash flow in the second half of 2025.
January 05, 2024 | 9:07 pm
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BioCryst Pharmaceuticals Inc. will not utilize an additional $150M debt facility from Pharmakon, projecting operating profit in 2024 and positive EPS and cash flow by 2H 2025.
The decision to not incur additional debt is typically viewed positively by investors as it suggests confidence in the company's financial future and operational efficiency. The projection of operating profit and positive EPS and cash flow indicates expected financial growth, which could lead to a positive short-term impact on BCRX's stock price.
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IMPORTANCE 85
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