Loss-Making GlycoMimetics, Inc. (NASDAQ:GLYC) Expected To Breakeven In The Medium-Term [Yahoo! Finance]
GlycoMimetics, Inc. (GLYC)
Last glycomimetics, inc. earnings: 5/1 07:00 am
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US:NASDAQ Investor Relations:
ir.glycomimetics.com/investor-relations
Company Research
Source: Yahoo! Finance
GlycoMimetics, Inc., a clinical-stage biotechnology company, focuses on the discovery and development of glycobiology-based therapies for cancers, including acute myeloid leukemia (AML) and inflammatory diseases with unmet needs in the United States. The US$193m market-cap company announced a latest loss of US$37m on 31 December 2023 for its most recent financial year result. The most pressing concern for investors is GlycoMimetics' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. View our latest analysis for GlycoMimetics According to the 4 industry analysts covering GlycoMimetics, the consensus is that breakeven is near. They expect the company to post a final loss in 2025, before turning a profit of US$19m in 2026. So, the company is predicted to breakeven approximately 2 years from today. What rate will the company have to grow year-on-year in order to breakeven on this date? Usin
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GLYC
News
- We're Keeping An Eye On GlycoMimetics' (NASDAQ:GLYC) Cash Burn Rate [Yahoo! Finance]Yahoo! Finance
- GlycoMimetics to Report First Quarter 2024 Financial Results on May 9, 2024Business Wire
- GlycoMimetics, Inc. (NASDAQ:GLYC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Apollomics Highlights Clinical Progress and Reports Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- GlycoMimetics, Inc. (NASDAQ: GLYC) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $8.00 price target on the stock.MarketBeat
GLYC
Earnings
- 3/27/24 - Beat
GLYC
Analyst Actions
- 3/27/24 - HC Wainwright
GLYC
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- GLYC's page on the SEC website