BiomX Q2 EPS $(0.07) Up From $(0.12) YoY; Cash Balance, Short-term Deposits And Restricted Cash As Of June 30, 2024, Were $32.7M, Sufficient To Fund Its Operations Through The Fourth Quarter Of 2025
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BiomX reported a Q2 EPS of $(0.07), an improvement from $(0.12) year-over-year. The company has a cash balance, short-term deposits, and restricted cash totaling $32.7M as of June 30, 2024, which is sufficient to fund operations through Q4 2025.
August 15, 2024 | 10:33 am
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BiomX reported a Q2 EPS of $(0.07), an improvement from $(0.12) year-over-year. The company has a cash balance, short-term deposits, and restricted cash totaling $32.7M as of June 30, 2024, which is sufficient to fund operations through Q4 2025.
The improvement in EPS and the strong cash position are positive indicators for BiomX. The ability to fund operations through Q4 2025 reduces financial risk and provides stability, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100