Sol-Gel Reports Q2 EPS Of $0.07 Compared With $(0.22) YoY, Company Reports Revenues Of $5.4 million, Exits Quarter With Cash & Equivalents Worth $15.6M
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Sol-Gel Technologies reported a Q2 EPS of $0.07, a significant improvement from $(0.22) year-over-year. The company also reported revenues of $5.4 million and ended the quarter with $15.6 million in cash and equivalents.
August 16, 2024 | 11:48 am
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Sol-Gel Technologies reported a Q2 EPS of $0.07, a significant improvement from $(0.22) year-over-year. The company also reported revenues of $5.4 million and ended the quarter with $15.6 million in cash and equivalents.
The significant improvement in EPS from $(0.22) to $0.07 and the reported revenues of $5.4 million indicate strong financial performance. The cash position of $15.6 million also suggests good liquidity, which is likely to positively impact the stock price in the short term.
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