Thursday, June 20, 2024

Sol-Gel Technologies GAAP EPS of -$0.23 misses by $0.08, revenue of $0.47M misses by $0.83M

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  • Sol-Gel Technologies press release (NASDAQ:SLGL): Q1 GAAP EPS of -$0.23 misses by $0.08.
  • Revenue of $0.47M (+56.7% Y/Y) misses by $0.83M.
  • As of March 31, 2024, Sol-Gel had $16.2 million in cash, cash equivalents, and deposits and $16.8 million in marketable securities for a total balance of $33.0 million.
  • The company expects its cash resources to fund operational and capital expenditure requirements into the second half of 2025.

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