Ocular Therapeutix' Cash Balance Of $459.7M As Of June 30, 2024, Expected to Fund Operations Into 2028
Portfolio Pulse from Benzinga Newsdesk
Ocular Therapeutix has reported a cash balance of $459.7 million as of June 30, 2024, which is expected to fund its operations into 2028.
August 07, 2024 | 11:12 am
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Ocular Therapeutix has a strong cash position of $459.7 million as of June 30, 2024, which is projected to support its operations until 2028.
The substantial cash balance indicates financial stability and reduces the risk of near-term capital raises, which is positive for the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100