NYSEAM:LCTXBiotechs
Lineage Cell Therapeutics (LCTX) Stock Faces Cash Burn Despite Paper Profit
Lineage Cell Therapeutics slipped 2.7% to about US$1.10 after its second quarter report, a muted move for a stock that has already shed close to 20% over the past three months. The headline in this print is not the top line. It is the sharp squeeze between a tiny US$1.1 million in quarterly revenue and a much heavier cost base, even though this quarter showed a US$1.5 million net income on paper.
That profit figure rests largely on noncash warrant revaluation. The key consideration for long...