LAVA Therapeutics Q2 EPS $(0.31) Up From $(0.48) YoY, Cash Balance Of $86.8M Supports Runway Into Mid-2026
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LAVA Therapeutics reported a Q2 EPS of $(0.31), an improvement from $(0.48) year-over-year. The company has a cash balance of $86.8 million, which is expected to support operations until mid-2026.
August 20, 2024 | 11:35 am
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LAVA Therapeutics reported a better-than-expected Q2 EPS of $(0.31), improving from $(0.48) YoY. The company's cash balance of $86.8M is sufficient to fund operations until mid-2026.
The improvement in EPS indicates better financial performance, which is positive for the stock. The substantial cash balance provides financial stability, reducing risk and supporting future operations.
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IMPORTANCE 80
RELEVANCE 100