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Jun 30, 2020
Cassava Sciences Q2 2020 Earnings Report
Announced financial results for the second quarter ended June 30, 2020 and provided a mid-year business review.
Key Takeaways
Cassava Sciences reported a net loss of $1.1 million, or $0.05 per share, for the second quarter ended June 30, 2020. The company's cash and cash equivalents were $25.3 million as of June 30, 2020, with no debt.
Net loss was $1.1 million, or $0.05 per share, compared to a net loss of $1.1 million, or $0.06 per share, for the same period in 2019.
Net cash used in operations was $2.0 million during the first six months of 2020.
Net cash use in full-year 2020 is still expected to be approximately $5.0 million.
Cash and cash equivalents were $25.3 million as of June 30, 2020, with no debt.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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