Reported Q: Q4 2023 Rev YoY: N/A EPS YoY: -2,103.2% Move: +5.24%
Cybin Inc
CYBN.NE
$9.04 5.24%
Exchange NEO Sector Healthcare Industry Biotechnology
Q4 2023
Published: Mar 31, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for CYBN.NE

Reported

Report Date

Mar 31, 2023

Quarter Q4 2023

Revenue

N/A

YoY: N/A

EPS

-0.07

YoY: -2,103.2%

Market Move

+5.24%

Previous quarter: Q3 2023

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

  • EPS of $-0.07 decreased by 2% from previous year
  • Net income of -13.72M
  • ""We remain committed to pushing through this growth phase and believe that our investments in R&D will yield significant returns in the long run."" - CEO, Cybin Inc
CYBN.NE
Cybin Inc

Executive Summary

During Q4 2023, Cybin Inc (CYBN.NE) reported significant operational losses, with a net income of -CAD 13.72 million, reflecting a 55.58% year-over-year decrease. Despite the challenging financial environment, management remains focused on advancing its product pipeline, specifically the therapeutic treatments for anxiety and depression linked to psychedelic compounds. The company incurred considerable research and development expenses totaling CAD 8.09 million, aimed at supporting and expanding its clinical trials and product development initiatives, positively impacting the future growth potential of its innovative therapies. Investors should note that while short-term profitability remains elusive, the strategic focus on therapeutic solutions has the potential to capture significant market opportunities in the evolving healthcare landscape.

Key Performance Indicators

Operating Income
Decreasing
-13.54M
QoQ: 6.75% | YoY: -86.14%
Net Income
Decreasing
-13.72M
QoQ: 29.62% | YoY: -55.58%
EPS
Decreasing
-0.07
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 -0.07 +0.0% View
Q3 2023 0.00 -0.06 +0.0% View