Cognition Therapeutics Reports FY23 Net Loss Per Share Of $(0.86) Compared With $(0.91) YoY, Cash And Equivalents As Of December 31, 2023, Were Approximately $29.9M
Portfolio Pulse from Benzinga Newsdesk
Cognition Therapeutics reported a FY23 net loss per share of $(0.86), an improvement from $(0.91) YoY. As of December 31, 2023, their cash and equivalents stood at approximately $29.9M.
March 26, 2024 | 11:10 am
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POSITIVE IMPACT
Cognition Therapeutics reported a narrower net loss per share for FY23 at $(0.86) compared to $(0.91) the previous year, with cash reserves of $29.9M.
The improvement in net loss per share indicates a positive direction in Cognition Therapeutics' financial health, potentially leading to a positive short-term impact on CGTX's stock price. The substantial cash reserves provide financial stability and support for ongoing operations, further contributing to a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100