Cybin Q4 Net Loss C$21M Vs. C$14M YoY, Cash Totaled C$209 Million As Of March 31, 2024
Portfolio Pulse from Benzinga Newsdesk
Cybin reported a net loss of C$21 million for Q4, compared to a net loss of C$14 million year-over-year. The company had C$209 million in cash as of March 31, 2024.
June 26, 2024 | 11:45 am
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Cybin reported a net loss of C$21 million for Q4, compared to a net loss of C$14 million year-over-year. The company had C$209 million in cash as of March 31, 2024.
The increase in net loss from C$14 million to C$21 million is a negative indicator for Cybin's financial health, which could lead to a short-term decline in stock price. However, the substantial cash reserve of C$209 million provides some financial stability.
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