Y-mAbs Reiterates Guidance
Portfolio Pulse from Benzinga Newsdesk
Y-mAbs Therapeutics has reiterated its full year 2024 financial guidance, expecting DANYELZA net product revenues of $95-$100 million, operating expenses of $115-$120 million, and an annual cash burn of $15-$20 million. The company anticipates its cash and cash equivalents will support operations into 2027.
May 07, 2024 | 9:56 pm
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Y-mAbs Therapeutics reiterates its 2024 financial outlook, projecting DANYELZA revenues of $95-$100M, with operating expenses and cash burn indicating a stable financial position into 2027.
Reiterating financial guidance, especially with specific revenue projections and a clear path to sustain operations, is generally viewed positively by investors. It suggests management's confidence in the company's strategic direction and operational stability, potentially leading to positive investor sentiment and stock performance in the short term.
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