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X4 Pharmaceuticals Reports Q1 2023 Net Loss of $24.02 Million

X4 Pharmaceuticals Reports Q1 2023 Net Loss of $24.02 Million

Revenue Sees Dip as X4 Pharmaceuticals Announces Q1 2023 Financial Results

By USInMinutes
Published - Aug 10, 2023, 11:48 AM ET
Last Updated - Aug 10, 2023, 11:48 AM EDT

X4 Pharmaceuticals,(XFOWW) a prominent player in the p harmaceutical industry, has released its unaudited condensed consolidated financial results for the first quarter of 2023. The report highlights a net loss of $24.02 million for the quarter, reflecting the company's financial performance. Additionally, the company's revenue faced a decline during this period, revealing the challenges faced by X4 Pharmaceuticals in the dynamic market.

Net Loss in Q1 2023

X4 Pharmaceuticals faced a net loss of $24.02 million for the first quarter of 2023, as per the recently released unaudited condensed consolidated financial statements. This figure illustrates the company's expenses and income streams during the three-month period, shedding light on the financial challenges it encountered.

Decline in Revenue

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