Kodiak Sciences Announces Second Quarter 2019 Financial Results and Recent Business Highlights

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Go back to Kodiak Sciences Announces Second Quarter 2019 Financial Results and Recent Business Highlights

Kodiak Sciences Inc. (KOD) Misses Q2 EPS by 2c

August 14, 2019 5:50 AM EDT

Kodiak Sciences Inc. (NASDAQ: KOD) reported Q2 EPS of ($0.31), $0.02 worse than the analyst estimate of ($0.29).

Second Quarter 2019 Financial Results and Financial Guidance

Cash Position

Kodiak ended the second quarter of 2019 with $68.1 million of cash, cash equivalents and marketable securities. The Company expects that its existing cash, cash equivalents and marketable securities will be sufficient to fund its operations at least through the first half of 2020.

Net Loss

The net loss for the second quarter of 2019 was $11.4 million, or $0.31 per share on both a basic and... More