Morphic GAAP EPS of -$0.78 beats by $0.05, revenue of $2.05M misses by $1.05M

Nov. 02, 2022 8:22 AM ETMorphic Holding, Inc. (MORF)By: Deepa Sarvaiya, SA News Editor
  • Morphic press release (NASDAQ:MORF): Q3 GAAP EPS of -$0.78 beats by $0.05.
  • Revenue of $2.05M (-34.3% Y/Y) misses by $1.05M.
  • As of September 30, 2022, Morphic had cash, cash equivalents and marketable securities of $371.8 million, compared to $397.6 million as of June 30, 2022. Morphic believes its cash, cash equivalents and marketable securities as of September 30, 2022, will be sufficient to fund operating expenses and capital expenditure requirements into the second half of 2025.
  • Shares -1.46% PM.

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