Abivax FY23 Net Loss €(147.4)M Down From €(60.7)M YoY; Cash Position €261M
Portfolio Pulse from Benzinga Newsdesk
Abivax reported a FY23 net loss of €147.4 million, a significant increase from the previous year's loss of €60.7 million. However, the company maintains a strong cash position of €261 million.
April 02, 2024 | 8:06 am
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Abivax's FY23 net loss increased significantly, but the company has a robust cash position.
The significant increase in net loss for FY23 compared to the previous year could negatively impact investor sentiment and the stock price in the short term. However, the company's strong cash position may provide some buffer against the negative earnings report, indicating a mixed but predominantly negative outlook.
CONFIDENCE 90
IMPORTANCE 90
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