Soligenix FY GAAP EPS $(0.79) Beats $(0.82) Estimate, Sales $800.00K Beat $797.50K Estimate
Portfolio Pulse from Benzinga Newsdesk
Soligenix (NASDAQ:SNGX) reported a smaller than expected quarterly loss of $(0.79) per share, beating the $(0.82) estimate, and sales of $800.00K, slightly above the $797.50K estimate. This represents an 83.58% improvement in losses and an 11.11% decrease in sales year-over-year.
March 15, 2024 | 11:36 am
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POSITIVE IMPACT
Soligenix reported better than expected quarterly financial results, with a significant reduction in losses and a slight increase in sales compared to estimates.
The positive earnings report, showing both a significant reduction in losses and a slight beat on sales estimates, is likely to instill investor confidence and could lead to a short-term uptick in SNGX's stock price. The improvement in financial performance compared to last year's figures further supports this outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100