Acasti Pharma FY24 Revenue $(1.35) Up From $(5.71) YoY
Portfolio Pulse from Benzinga Newsdesk
Acasti Pharma reported a significant improvement in its FY24 revenue, with a loss of $1.35 million compared to a loss of $5.71 million year-over-year.
June 21, 2024 | 12:09 pm
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Acasti Pharma reported a significant improvement in its FY24 revenue, with a loss of $1.35 million compared to a loss of $5.71 million year-over-year. This indicates better financial health and potential for future growth.
The reduction in losses from $5.71 million to $1.35 million year-over-year suggests that Acasti Pharma is managing its finances better and moving towards profitability. This is a positive indicator for investors, likely leading to a short-term increase in stock price.
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