Trevena Q4 EPS $(1.06) Misses $(0.38) Estimate, Cash Balance of $33M
Portfolio Pulse from Benzinga Newsdesk
Trevena (NASDAQ:TRVN) reported a Q4 EPS loss of $(1.06), missing the consensus estimate of $(0.38) by 178.95%. This represents a 45.21% increase in losses compared to the same period last year. The company also reported a cash balance of $33M.
April 01, 2024 | 11:14 am
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NEGATIVE IMPACT
Trevena reported a significant miss in Q4 EPS, with losses increasing by 45.21% compared to last year, and a current cash balance of $33M.
The significant miss in earnings per share (EPS) and the increase in losses year-over-year are likely to negatively impact investor sentiment towards Trevena. The reported cash balance provides some insight into the company's liquidity, but the missed earnings could overshadow this in the short term, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100