NuCana Q2 EPS £(0.12) Vs £(0.10) YoY
Portfolio Pulse from Benzinga Newsdesk
NuCana plc (NASDAQ:NCNA) reported a Q2 EPS of £(0.12), down from £(0.10) YoY. The company has £11.6 million in cash and anticipates key data readouts in 2024 with a cash runway into Q1 2025.
August 15, 2024 | 8:03 pm
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NuCana reported a Q2 EPS of £(0.12), worse than the previous year's £(0.10). The company has £11.6 million in cash and expects key data readouts in 2024, with a cash runway into Q1 2025.
The increase in net loss and decrease in EPS compared to the previous year is likely to negatively impact investor sentiment in the short term. However, the anticipation of key data readouts in 2024 and a cash runway into Q1 2025 may provide some long-term optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100