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BiomX Inc (PHGE) Q3 2024 Earnings Call Highlights: Strong Net Income Amid Rising Expenses [Yahoo! Finance]

BiomX Inc. COmmon Stock (PHGE) 
Company Research Source: Yahoo! Finance
Research and Development Expenses: $7.3 million for Q3 2024, up from $5.6 million in Q3 2023. General and Administrative Expenses: $3.2 million for Q3 2024, up from $2.2 million in Q3 2023. Goodwill Impairment Expenses: $801,000 in Q3 2024, related to the APT acquisition. Net Income: $9.6 million for Q3 2024, compared to a net loss of $7.9 million in Q3 2023. Net Cash Used in Operating Activities: $30.7 million for the nine months ended September 30, 2024, compared to $15 million for the same period in 2023. Warning! GuruFocus has detected 2 Warning Signs with PHGE. Release Date: November 14, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript BiomX Inc ( PHGE ) completed patient enrollment for the phase two trial of BX 201 for diabetic foot osteomyelitis, with topline results expected in Q1 2025. The company received additional funding from the US Defense Health Agency, bringing total non-dilutive funding for the Show less Read more
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