BeyondSpring Reports FY23 Loss Per Share Of $(0.54) Vs. $(0.85) Last Year
Portfolio Pulse from Benzinga Newsdesk
BeyondSpring Inc. reported a fiscal year 2023 loss per share of $(0.54), an improvement from $(0.85) the previous year. The company's net loss narrowed to $(21.0) million from $(33.3) million year-over-year, with cash and equivalents totaling $17.9 million as of December 31, 2023.
April 29, 2024 | 9:35 pm
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BeyondSpring Inc. reported an improved fiscal year 2023 loss per share and a narrower net loss, with stable cash reserves.
The improvement in loss per share and the reduction in net loss year-over-year indicate a positive trend in BeyondSpring's financial health. This, combined with a solid cash position, could be viewed positively by investors, potentially leading to a short-term uptick in the stock price.
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