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Stock impact report

Loss-Making RenovoRx, Inc. (NASDAQ:RNXT) Expected To Breakeven In The Medium-Term [Yahoo! Finance]

RenovoRx, Inc. (RNXT) 
Company Research Source: Yahoo! Finance
RenovoRx, Inc., a clinical-stage biopharmaceutical company, engages in the developing of targeted combination therapies to enhance therapeutic outcomes for cancer patients undergoing treatment. The company's loss has recently broadened since it announced a US$8.8m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$11m, moving it further away from breakeven. As path to profitability is the topic on RenovoRx's investors mind, we've decided to gauge market sentiment. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. According to the 4 industry analysts covering RenovoRx, the consensus is that breakeven is near. They expect the company to post a final loss in 2027, before turning a profit of US$16m in 2028. The company is therefore projected to breakev Show less Read more
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