Vistagen Reports FY24 Net Loss Of $(29.4)M Vs $(59.2)M Last Year
Portfolio Pulse from Benzinga Newsdesk
Vistagen reported a net loss of $29.4 million for FY24, an improvement from the $59.2 million loss last year. The company had $119.2 million in cash and cash equivalents as of March 31, 2024.
June 11, 2024 | 8:23 pm
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POSITIVE IMPACT
Vistagen's FY24 net loss of $29.4 million is a significant improvement from the $59.2 million loss last year. The company also has a strong cash position with $119.2 million as of March 31, 2024.
The reduction in net loss indicates better financial management and operational efficiency. The strong cash position provides a buffer for future operations and potential investments, likely leading to positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100