Brief: Polypid Reports Fourth Quarter Financial Results

Polypid

08/02/2023 12:17

Feb 8 (Reuters) - Polypid Ltd  PYPD.O :
    * POLYPID PROVIDES CORPORATE UPDATE AND REPORTS FOURTH
QUARTER AND
FULL YEAR 2022 FINANCIAL RESULTS
    * Q4 LOSS PER SHARE $0.32
    * AS OF DEC 31, 2022, HAD CASH, CASH EQUIVALENTS AND
DEPOSITS OF
$12.6 MILLION, VERSUS $32.2 MILLION AT DEC 31, 2021
    * EXPECTS THAT CASH BALANCE AS OF DECEMBER 31, 2022  WILL BE
SUFFICIENT TO FUND OPERATIONS WELL INTO Q3 OF THIS YEAR
    * Q4 EARNINGS PER SHARE VIEW $-0.41 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX6wJNk 
Further company coverage:  PYPD.O 
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