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CYCC - Cyclacel Pharmaceuticals EPS misses by $2.21
Cyclacel Pharmaceuticals Inc.
Cyclacel Pharmaceuticals (CYCC): Q4 GAAP EPS of -$2.74 misses by $2.21.As of December 31, 2020, cash and cash equivalents totaled $33.4 million. Additional proceeds of $4.3 million were received from the exercise of warrants after December 31, 2020. Based on current spending, the proforma cash on hand of $37.7 million provides the Company with sufficient resources to fund planned operations including research and development through early 2023.Press Release