SNCE - Science 37 GAAP EPS of -$0.17 misses by $0.02 revenue of $15.35M beats by $2.78M
2023-08-08 06:20:00 ET
- Science 37 press release ( NASDAQ: SNCE ): Q2 GAAP EPS of -$0.17 misses by $0.02 .
- Adjusted net loss was $7.7 million for the quarter ended June 30, 2023
- Revenue of $15.35M (-20.5% Y/Y) beats by $2.78M .
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Full Year 2023 Financial Outlook
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Updated revenue guidance of approximately $60.0 million versus the previously conveyed range of $55.0 million to $60.0 million, and adjusted EBITDA guidance of approximately $(35.0) million versus the previously conveyed range of $(39.0) million to $(41.0) million for the fiscal year ending December 31, 2023.
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Cash burn in the third quarter of 2023 to be less than $10.0 million, and expects cash burn for the second half of 2023 to be less than $15.0 million, exiting 2023 with more than $50.0 million of cash on hand.
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Science 37 GAAP EPS of -$0.17 misses by $0.02, revenue of $15.35M beats by $2.78M