Cybin Q1 Net Loss C$15M Same As Last Year; Cash Totaled C$183M As Of June 30, 2024
Portfolio Pulse from Benzinga Newsdesk
Cybin reported a net loss of C$15 million for Q1, consistent with the same period last year. The company had C$183 million in cash as of June 30, 2024.
August 08, 2024 | 12:16 pm
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Cybin reported a net loss of C$15 million for Q1, consistent with the same period last year. The company had C$183 million in cash as of June 30, 2024.
The net loss being consistent with last year suggests stability in financial performance, but not necessarily improvement. The significant cash reserve is a positive indicator of financial health. Overall, the impact on the stock price is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100