Exscientia's Cash, Cash Equivalents And Short-term Bank Deposits As Of March 31, 2024 Were $416.9M, Which Is Expected To Provide Cash Runway Into 2027
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Exscientia reported cash, cash equivalents, and short-term bank deposits of $416.9 million as of March 31, 2024, which is expected to provide a cash runway into 2027.
May 21, 2024 | 11:06 am
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Exscientia has reported $416.9 million in cash, cash equivalents, and short-term bank deposits as of March 31, 2024, which is expected to provide a cash runway into 2027. This strong cash position indicates financial stability and reduces the risk of near-term capital raises.
The substantial cash reserves of $416.9 million provide Exscientia with a secure financial position, reducing the likelihood of needing additional capital in the near term. This financial stability is likely to be viewed positively by investors, potentially boosting the stock price.
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