Gamida Cell Reports Net Loss Per Share Of $(0.57) For FY23, Holds Cash And Equivalents Worth $46.6M As Of December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Gamida Cell reported a net loss per share of $(0.57) for the fiscal year 2023. As of December 31, 2023, the company holds cash and equivalents worth $46.6 million.
March 27, 2024 | 11:08 am
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Gamida Cell reported a significant net loss per share of $(0.57) for FY23, but maintains a cash reserve of $46.6 million.
The reported net loss per share indicates financial challenges for Gamida Cell, potentially affecting investor confidence and stock price negatively in the short term. However, the substantial cash reserves may provide some buffer against immediate liquidity concerns, but the primary focus remains on the loss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100