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Stock impact report

Crinetics Pharmaceuticals Inc (CRNX) Reports Increased R&D Investment Amidst Net Loss ... [Yahoo! Finance]

Crinetics Pharmaceuticals, Inc. (CRNX) 
Last crinetics pharmaceuticals, inc. earnings: 3/9 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
General and Administrative Expenses : Rose to $58.1 million in 2023 from $42.4 million in 2022. Net Loss : Widened to $214.5 million in 2023 from $163.9 million in 2022. Revenue : Decreased slightly to $4.0 million in 2023 from $4.7 million in 2022. Cash Position : Strengthened with $558.6 million in cash, cash equivalents, and investments as of December 31, 2023. Upcoming Milestones : Topline results from Phase 3 PATHFNDR-2 study and Phase 2 carcinoid syndrome study expected in 2024. Private Placement : Announced a $350 million private placement equity financing to extend cash runway into 2028. Warning! GuruFocus has detected 7 Warning Signs with CRNX. On February 28, 2024, Crinetics Pharmaceuticals Inc ( NASDAQ:CRNX ) released its 8-K filing , detailing the financial results for the fourth quarter and full year ended December 31, 2023. The clinical-stage pharmaceutical company, which specializes in novel therapeutics for rare endocrine diseases and endocrine-related t Show less Read more
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