Solid Biosciences Registers Q1 Net Loss Of $24.3M Compared With $30.1M YoY; Exits Quarter With Cash & Equivalents Worth $206.1M
Portfolio Pulse from Benzinga Newsdesk
Solid Biosciences reported a Q1 net loss of $24.3 million, an improvement from the $30.1 million loss in the same quarter last year. The company ended the quarter with $206.1 million in cash and equivalents.
May 15, 2024 | 11:59 am
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Solid Biosciences reported a Q1 net loss of $24.3 million, an improvement from the $30.1 million loss in the same quarter last year. The company ended the quarter with $206.1 million in cash and equivalents.
The reduced net loss compared to the previous year and a strong cash position are positive indicators for Solid Biosciences. This could lead to a short-term positive impact on the stock price.
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