Allarity Therapeutics FY Net loss Of $(11.9)M Compared To $(16.1)M YoY
Portfolio Pulse from Benzinga Newsdesk
Allarity Therapeutics (NASDAQ:ALLR) reported a fiscal year net loss of $11.9 million, an improvement from the previous year's net loss of $16.1 million. The company's quarterly losses per share were $(10.26), which represents a 99.67% increase over the previous year's losses of $(3.09 thousand) per share.
March 08, 2024 | 12:21 pm
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NEUTRAL IMPACT
Allarity Therapeutics reported a reduced annual net loss and an increased quarterly loss per share.
The reduction in annual net loss could be seen as a positive sign of financial improvement, potentially attracting investors. However, the significant increase in quarterly loss per share might raise concerns about the company's short-term profitability and operational efficiency. The mixed nature of these financial results makes the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100