Reported Q: Q4 2023 Rev YoY: N/A EPS YoY: -2,103.2% Move: +1.22%
Cybin Inc
CYBN
$8.28 1.22%
Exchange AMEX Sector Healthcare Industry Biotechnology
Q4 2023
Published: Mar 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for CYBN

Reported

Report Date

Mar 31, 2024

Quarter Q4 2023

Revenue

N/A

YoY: N/A

EPS

-1.51

YoY: -2,103.2%

Market Move

+1.22%

Previous quarter: Q3 2023

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Earnings Highlights

  • EPS of $-1.51 decreased by 2% from previous year
  • Net income of -21.35M
  • "'We are focused on bringing to market the next generation of mental health treatments, which we believe will revolutionize patient care in this segment.'" - David Johnson
CYBN
Cybin Inc

Executive Summary

Cybin Inc (CYBN) reported notable financial results for Q4 2023, reflecting continued investments in research and development amidst substantial operating losses. The company recorded a net income loss of CAD 21,346,000 compared to the previous quarter, an indicator of ongoing challenges in achieving profitability. Management emphasized a strategic focus on advancing their psychedelic-based therapeutic pipeline, particularly CYB003, which is being developed to treat major depressive disorder.

Key developments during the quarter included an increase in research and development expenditures (CAD 11,843,000) and an overall operating cost of CAD 25,195,000. Management reaffirmed their commitment to bringing effective treatments to market and indicated that despite current financial strains, the long-term outlook remains optimistic as regulatory advancements in the sector are anticipated. Investors should monitor the progress of clinical trials and strategic partnerships to gauge future revenue potential.

Key Performance Indicators

Operating Income
Decreasing
-25.20M
QoQ: 6.75% | YoY: -86.14%
Net Income
Decreasing
-21.35M
QoQ: 29.62% | YoY: -55.58%
EPS
Decreasing
-1.54
QoQ: 55.36% | YoY: -2 103.15%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2024 0.00 -0.53 +0.0% View
Q2 2024 0.00 -2.86 +0.0% View
Q1 2024 0.00 -0.74 +0.0% View
Q4 2023 0.00 -1.51 +0.0% View
Q3 2023 0.00 -3.45 +0.0% View