Gossamer Bio Q4 EPS $(0.21), Inline; Cash, Cash Equivalents And Marketable Securities Of $296.4M Is Expected To Provide Cash Runway Into The First Half Of 2026
Portfolio Pulse from Benzinga Newsdesk
Gossamer Bio reported Q4 EPS of $(0.21), meeting analyst estimates and marking a 64.41% improvement from last year. With $296.4M in cash and equivalents, it expects a cash runway into H1 2026.
March 05, 2024 | 12:36 pm
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Gossamer Bio reported a Q4 EPS of $(0.21), in line with estimates and a significant improvement from the previous year. The company's strong cash position is expected to support operations into the first half of 2026.
Meeting EPS estimates and showing significant year-over-year improvement are positive signals for investors. The substantial cash reserves providing a long runway into 2026 further bolster investor confidence in the company's financial stability and future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100