LAVA Therapeutics Q2 EPS $(0.31) Up From $(0.48) YoY, Cash Balance Of $86.8M Supports Runway Into Mid-2026
Portfolio Pulse from Benzinga Newsdesk
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100