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Stock impact report

Phio Pharmaceuticals Corp.'s (NASDAQ:PHIO) Path To Profitability [Yahoo! Finance]

Phio Pharmaceuticals Corp. (PHIO) 
Last phio pharmaceuticals corp. earnings: 11/12 07:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Phio Pharmaceuticals Corp. engages in the development of immuno-oncology therapeutics in the United States. The US$2.8m market-cap company's loss lessened since it announced a US$11m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$8.7m, as it approaches breakeven. The most pressing concern for investors is Phio Pharmaceuticals' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. View our latest analysis for Phio Pharmaceuticals Expectations from some of the American Biotechs analysts is that Phio Pharmaceuticals is on the verge of breakeven. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$48m in 2025. The company is therefore projected to breakeven just over a year from today. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we cal Show less Read more
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