Home  »  Equity Investing   »  Yumanity Therapeutics Inc. (YMTX) Stock Surges as ...

Yumanity Therapeutics Inc. (YMTX) Stock Surges as it Maintains Financial Momentum Generated in Q2 2021

Yumanity Therapeutics Inc. (YMTX) stock prices were down by 0.76% as of the market closing on October 8th 2021. This brought the price per share down to USD$9.17 at the end of the trading day. Subsequent premarket fluctuations have seen the stock surge by 6.87%, bringing it up to USD$9.80.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored

Solid Liquidity Position

YMTX stock announced a stellar liquidity position for the second quarter of fiscal 2021. The company reported cash, cash equivalents, and investments in the amount of USD$55.6 million as of June 30th 2021. This is comparable to a liquidity position of USD$85.3 million as of December 31st 2021. The year over year decrease was largely driven by spending on the clinical development of YTX-7739, as well as costs associated with being a public company. Also contributing to the yearly difference were certain one-time costs that are associated with the company’s reverse merger with Proteostasis Therapeutics. The company expects its liquidity position to fund sustained operations late into the third quarter of fiscal 2022.

YMTX Stocks R&D Costs

Research and development costs for the second quarter of fiscal 2021 came out to USD$7.3 million. This is up from the R&D costs of USD$3.9 million for the second quarter of fiscal 2020. The year over year increase is largely attributable to costs associated with YMTX stock’s YTX-7739 clinical program. Development of the company’s YTX-9184 preclinical program also contributed to the yearly difference, as did increased spending on early-stage discovery efforts.

Net Loss Breakdown

The second quarter of fiscal 2021 saw YMTX stock report a net loss in the amount of USD$10.5 million. This represents a net loss of USD$1.03 per basic and diluted share for the 2021 quarter. The second quarter of fiscal 2021 saw the company report a net loss of USD$7 million, which excluded the gain on extinguishment of Class B preferred units. This represents a net loss of USD$0.13 per basic and diluted share for the second quarter of fiscal 2021. The year over year increase was primarily driven by an increase in research and development costs as well as increased general and administrative expenses.

Future Outlook for YMTX Stock

YMTX stock reported a promising quarter, as evidenced by the strength of its financial reports for the second quarter of fiscal 2021. The company is keen to maintain the momentum it has generated through the upcoming quarters. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to usher in a continued trajectory of success for the company.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

385

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell

 

 

100% Free. Stop Anytime. No Spam