Cyclerion Therapeutics Inc   (CYCN)

Fading Deficit at the CYCN in fourth quarter of 2022 earnings season

company delivered fourth quarter of 2022 operating shortfall of $-7.348 million

Published 2023-03-23T11:12:39+00:00
Goran Soko / CSIMarket.com Contributer

pills_blue_By_Tom_Varco_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsFor the fourth quarter of 2022 earnings season company decreased a loss per share of $-0.17 per share compare to $-0.25 a year prior and EPS improved from $-0.24 per share from the previous reporting season.

The revenue were up by 14.286 % to $0.61 million from $0.53 million in the same reporting season a year prior and sequentially from $0.00 million.

In the fourth quarter of 2022 earnings season Cyclerion Therapeutics Inc reported net deficit of $-7.216 million, instead of deficit of $-10.776 million in the same reporting season a year ago.

Additionally, the CYCN noted also a shortfall of $-44.08 million and for the financial year 2022, revenue of $1.63 million.

Major Pharmaceutical Preparations The Major Pharmaceutical Preparations company has decreased it's deficit per share to $-1.01 from $-1.32 in the previous fiscal year, while Revenue Tumbled by -58.78 % from $3.94 million a year prior.

Cyclerion Therapeutics Inc is expected to report next financial earnings on August 08, 2023.

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