enGene Holdings FY EPS $(151.22) Down From $(44.30) YoY; Cash And Cash Equivalents Of $81.5M Expected To Fund Expenses Into The Second Quarter Of 2025
Portfolio Pulse from Benzinga Newsdesk
enGene Holdings (NASDAQ:ENGN) reported a significant increase in its annual loss per share to $(151.22), a 241.35% increase from $(44.30) the previous year. However, the company has $81.5M in cash and cash equivalents, which is expected to cover expenses into Q2 2025.
January 29, 2024 | 12:17 pm
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enGene Holdings reported a larger annual loss per share of $(151.22), significantly higher than last year's $(44.30) per share. Despite the increased loss, the company's cash reserves are expected to sustain operations into the second quarter of 2025.
The substantial increase in annual loss per share is likely to negatively impact investor sentiment and the stock price of ENGN in the short term. However, the company's strong cash position may provide some reassurance to investors about the company's ability to fund its operations in the near to medium term, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100