Lithium Americas Corp. Reports Loss Per Share Of $0.02 For Year Ended December 31, 2023; Company Has Cash And Equivalents Worth $195.5M
Portfolio Pulse from Benzinga Newsdesk
Lithium Americas Corp. (LAC) reported a loss per share of $0.02 for the year ended December 31, 2023. The company also reported having cash and equivalents totaling $195.5 million.
March 15, 2024 | 11:43 am
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Lithium Americas Corp. reported a yearly loss per share of $0.02 and has $195.5 million in cash and equivalents.
The reported loss may concern investors, potentially putting downward pressure on the stock. However, the significant cash reserves could mitigate concerns by demonstrating financial stability and the ability to fund operations and growth without immediate additional financing.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100