Home Equities Score Keeping tabs on this stock: Seneca Biopharma, Inc. (SNCA) rushed in the...

Keeping tabs on this stock: Seneca Biopharma, Inc. (SNCA) rushed in the after-market trading

Seneca Biopharma, Inc. (Nasdaq: SNCA), shares soared 11.5% to $0.89 in the AH trading session as the biopharmaceutical corporation devoted to producing new therapies for conditions of high medical need, recently published its financial results for the quarter ended 30 September 2020.

On September 30, 2020, cash was approximately $12.7 million compared to approximately $15.8 million on June 30, 2020.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Operating loss for the three-month period ended September 30, 2020, was $2.3 million instead of a loss of $2.1 million for the corresponding period in 2019. For the nine-month period ended September 30, 2020, the operating loss was $6.3 million vs. $6.5 million last year.

As the company continues to wind down the clinical trials, the decrease in operating loss for 2020 was primarily because of lower R&D expenses. Compared to the same period in the previous year, this decrease was partially offset by an increase in G&A expenses resulting from the improved management structure.

It posted a net loss of $2.3 million, or $0.13 per share, for the third quarter ended September 30, 2020, compared to a loss of $1.8 million, or $0.59 per share, for the same quarter in 2019.

Over the same period in 2019, the company lost $6.3 million, or $4.80 per share, while in 2020, it lost $11.8 million, or $0.93 per share. This rise in net loss was attributed primarily to the January 2020 warrant inducement transaction, which generated a non-cash expense of $5.6 million.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Sundial Growers (SNDL) shares have skyrocketed in intraday trading?

Shares of Sundial Growers (SNDL) have been on a skywalk. As of 10:47 AM EST, the seller, and producer of Cannabis products recorded $1.38...

What Caused 35% Pre-Market Surge In electroCore, Inc. (ECOR) Stock Today?

Shares of electroCore, Inc. (ECOR) has been surging strongly in the pre-market session today following an announcement of exclusive distribution agreement in Australia. The...

Zix Corp (ZIXI) Stock Surged 7% After-Hour For What Reason?

The stock of email security solution provider Zix Corp (ZIXI) has added 7.05% to its value in the after-hours trading on Friday. The company...

Apple Inc. (AAPL) Stocks dip but future prospects for the company seem very positive

On Thursday, Apple shares (NASDAQ: AAPL) closed at $120.99 which is 3.5% lower. In the after-hours session, the price further declined by 0.2%.  The...

Tesla Inc. (TSLA): a Game of Thrones, Tweets and Bitcoin

Tesla Inc. (NASDAQ: TSLA) shares plunged by more than 8% when the market closed on Thursday. The news that most significantly impacted this plunge...

Why Sundial Growers (SNDL) shares have skyrocketed in intraday trading?

Shares of Sundial Growers (SNDL) have been on a skywalk. As of 10:47 AM EST, the seller, and producer of Cannabis products recorded $1.38...

Shares of SOS Limited (SOS) are soaring. What’s Going on?

SOS Limited (SOS), an emerging blockchain-based company in China, is soaring in current-market trading after facing a decline of 21% in the previous open...

Aemetis, Inc. (AMTX) Is Up 45%, Is The Stock Surging For Any Reason?

The clean energy firm Aemetis, Inc. (AMTX) has been experiencing a +45.57% increase in its stock price valued at $14.31 as of 12:02 p.m....

Related News

Zix Corp (ZIXI) Stock Surged 7% After-Hour For What Reason?

The stock of email security solution provider Zix Corp (ZIXI) has added 7.05% to its value in the after-hours trading on Friday. The company...

Would Grand Capital Ventures Inc (OTC: GRCV) make a good investment now? Here’s How to Decide

GRAND CAPITAL VENTURES INC (GRCV) closed down -72.22% at $0.0025 on Friday, and has been trading within a day range between $0.0093 and $0.0022....

Why Atlas Crest Investment (ACIC) Stock Has Risen 9% After-Hour On Friday?

Atlas Crest Investment Corporation (NYSE: ACIC) stock came rising +8.91 to $12.96 in after-hour trading on Friday. The company saw its price falling -2.14%...

Were You Wondering Why Northern Dynasty (NAK) Stock Spiked 24% In Early Trades Today?

Shares of mineral exploration firm Northern Dynasty Minerals Ltd. (NYSE: NAK) has been gaining momentum in early trades today. As of 11:42 a.m. EST,...

What’s Hurting Tengasco Inc (TGC) Stock? Why Is It Down 26% Pre-Market?

Stock of oil and gas exploration firm Tengasco, Inc. (NYSE: TGC) is seeing a decline in pre-market trades today. Shares of the company were...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.