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Stock impact report

Akero Therapeutics Inc (AKRO) Reports Q3 2023 Financial Results [Yahoo! Finance]

Akero Therapeutics, Inc. (AKRO) 
Last akero therapeutics, inc. earnings: 3/16 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company is preparing to enroll patients in Phase 3 SYNCHRONY studies by the end of 2023. Akero's cash reserves are substantial, with the company having enough funds to operate into 2026. Net loss for the quarter was $39.7 million, with research and development expenses being a significant contributor. Warning! GuruFocus has detected 2 Warning Sign with AKRO. On November 13, 2023, Akero Therapeutics Inc ( NASDAQ:AKRO ) released its 8-K filing , detailing the company's financial results for the third quarter ending September 30, 2023. The clinical-stage company, which focuses on developing treatments for serious metabolic diseases, is moving forward with its lead product candidate, Efruxifermin (EFX), for the treatment of non-alcoholic steatohepatitis (NASH). Financial Highlights Akero Therapeutics reported a net loss of $39.7 million for the third quarter of 2023, compared to a net loss of $35.5 million for the same period in 2022. The increase in net loss was primaril Show less Read more
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