BiomX Q1 EPS $(0.28) Down From $(0.20) YoY, With Cash Balance Of $44.1M Expected To Provide Cash Runway Into Q4 Of 2025
Portfolio Pulse from Benzinga Newsdesk
BiomX reported a Q1 EPS of $(0.28), down from $(0.20) year-over-year. The company has a cash balance of $44.1 million, which is expected to provide a cash runway into Q4 of 2025.
May 21, 2024 | 10:37 am
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BiomX (PHGE) reported a Q1 EPS of $(0.28), a decline from $(0.20) YoY. The company has a cash balance of $44.1M, expected to sustain operations until Q4 2025.
The decline in EPS indicates worsening financial performance, which is likely to negatively impact the stock price in the short term. However, the strong cash position provides some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100