Lexeo Therapeutics Q2 2024 GAAP EPS $(0.64) Beats $(0.69) Estimate, Cash And Cash Equivalents Of $175M Expected To Provide Operational Runway Into 2027
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Lexeo Therapeutics reported a Q2 2024 GAAP EPS of $(0.64), beating the estimate of $(0.69). The company has $175 million in cash and cash equivalents, expected to provide an operational runway into 2027.
August 12, 2024 | 11:23 am
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Lexeo Therapeutics reported a Q2 2024 GAAP EPS of $(0.64), beating the estimate of $(0.69). The company has $175 million in cash and cash equivalents, expected to provide an operational runway into 2027.
Beating EPS estimates is a positive indicator for the company's financial health. Additionally, having a substantial cash reserve that ensures operational stability into 2027 further strengthens investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100