IO Biotech Q4 Earnings Fall Short, Future Outlook Uncertain

Wednesday, 6 March 2024, 08:39

The recent financial report from IO Biotech revealed a fourth-quarter GAAP EPS of -$0.40, missing expectations by $0.02. The company wrapped up the year 2023 with cash and cash equivalents totaling around $143.2 million, casting uncertainty on its operational runway.
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IO Biotech Q4 Earnings Fall Short, Future Outlook Uncertain

IO Biotech Earnings Update

The latest earnings release from IO Biotech shows a Q4 GAAP EPS of -$0.40, falling short of analyst estimates by $0.02. The company's financial standing remains a topic of concern as it closed 2023 with cash and cash equivalents worth about $143.2 million.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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