Financial Results Highlighted by Net Loss of $4.23 Million and Decreased Revenue for Q2 2023
Revenue Dips as Bio-Path Holdings Reports Net Loss of $4.23 Million in Q2 2023
By USInMinutes
Published - Aug 15, 2023, 09:40 AM ET
Last Updated - Aug 22, 2024, 02:13 AM EDT
Bio-Path Holdings, Inc.(BPTH), a prominent player in the bio technology sector, has announced its financial results for the second quarter of 2023. The company's financial statements reveal a net loss of $4.23 million and a decline in revenue compared to the same period last year. Let's delve into the details of the company's balance sheet, statements of operations, and cash flows to better understand its financial performance.
Net Loss of $4.23 Million
Bio-Path Holdings, Inc. reported a net loss of $4.23 million for the second quarter of 2023, marking a decrease from the net loss of $3.01 million reported during the same period in the previous year. This net loss is attributed to increased operating expenses, primarily driven by research and development costs.
