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News  ›  GlobeNewswire Inc.

Tevogen Clarifies Reported Financials, Highlighting Strong Capital Efficiency and Low Cash Burn

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kirti Desai (Cfo)
Tevogen Clarifies Reported Financials, Highlighting Strong Capital Efficiency and Low Cash Burn

Tevogen Bio explains its accumulated deficit of $129 million, highlighting that the majority represents non-cash expenses and is offset by additional paid-in capital, with total cash loss under $42 million.

Insights
NKE   neutral

Mentioned as experiencing similar industry challenges and ongoing turnaround efforts, with higher valuation compared to Lululemon


TVGN   neutral

The company provides transparent financial context, explaining complex accounting metrics while acknowledging potential challenges in raising additional capital and executing growth strategies