GT Biopharma Q4 Net Loss $(2.96)M Vs $(5.58)M Loss Last Year; Cash Of ~$14M As Of December 31, 2023, Provides Sufficient Runway To Fund Operations Into 2025
Portfolio Pulse from Benzinga Newsdesk
GT Biopharma reported a Q4 net loss of $2.96M, an improvement from last year's $5.58M loss. With approximately $14M in cash as of December 31, 2023, the company expects to have enough funds to support operations into 2025.
March 26, 2024 | 9:04 pm
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GT Biopharma reported a reduced Q4 net loss and has sufficient cash to fund operations into 2025.
The reduction in net loss compared to the previous year indicates an improvement in GT Biopharma's financial health. Additionally, having sufficient cash to fund operations well into the future is a positive sign for the company's stability and potential for growth. This news is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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