Compugen Reports Q2 2023 Loss
Financial Highlights
Compugen Ltd. (CGEN) reported a loss of $21 million for the second quarter of 2023, compared to a loss of $93 million in the same period last year. The net loss per share for Q2 2023 was $0.11.
Revenue and Expenses
General and administrative expenses for the second quarter ended June 30, 2022, were approximately 25% lower than the same period last year.
Conclusion
Compugen's financial performance in the second quarter of 2023 shows a continued improvement in cost optimization. While the company continues to face challenges, these results suggest progress towards profitability.
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