Nuvectis Pharma, Inc. Reports Fiscal Year 2023 EPS $(1.43) Vs $(1.51) YoY
Portfolio Pulse from Benzinga Newsdesk
Nuvectis Pharma, Inc. (NVCT) reported a fiscal year 2023 EPS of $(1.43), an improvement from $(1.51) in the previous year. The company saw an increase in both research and development and general and administrative expenses, leading to a larger operating loss of $(22,897) thousand compared to $(19,234) thousand in 2022. Despite this, the net loss was slightly reduced to $(22,260) thousand from $(19,085) thousand, attributed to an increase in finance income.
March 05, 2024 | 1:21 pm
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Nuvectis Pharma, Inc. (NVCT) reported an improved EPS for FY2023 at $(1.43) compared to $(1.51) in FY2022, despite an increase in operating expenses and a wider operating loss.
The improvement in EPS for Nuvectis Pharma, despite higher operating expenses and a wider operating loss, indicates a positive trend in managing its finance income and controlling net losses. This could be seen as a positive signal by investors, potentially leading to a short-term positive impact on NVCT's stock price.
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