Aileron Therapeutics Q4 EPS $(1.54) Down From $(1.00) YoY; Cash Runway Expected To Fund Operations And Key Milestones Into Q4 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Aileron Therapeutics reported a Q4 EPS loss of $(1.54), down from $(1.00) YoY. The company expects its cash runway to fund operations into Q4 of 2024.
April 15, 2024 | 9:24 pm
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NEGATIVE IMPACT
Aileron Therapeutics reported a larger Q4 EPS loss compared to last year but expects its cash to last until Q4 2024.
The widening of the EPS loss year-over-year is typically viewed negatively by investors, suggesting potential short-term downward pressure on ALRN's stock price. However, the assurance of a cash runway into Q4 2024 might mitigate some concerns about the company's immediate financial stability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100