BioLineRx GAAP EPS of $0.00 beats by $0.07, revenue of $4.94M misses by $0.35M

seekingalpha
25 Nov 2024
  • BioLineRx press release (NASDAQ:BLRX): Q3 GAAP EPS of $0.00 beats by $0.07.
  • Revenue of $4.94M misses by $0.35M.
  • As of September 30, 2024, the company had cash, cash equivalents, and short-term bank deposits of $29.2 million.
  • Following the out-license to Ayrmid, the equity investment from Highbridge and the debt repayment to Blackrock, the Company's cash, cash equivalents and short-term bank deposits are expected to be approximately $20 million, which management believes will be sufficient to fund operations into 2026, as currently planned

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