tiprankstipranks

Silence Therapeutics: Rising Assets Amid Growing Losses

Silence Therapeutics: Rising Assets Amid Growing Losses

Silence Therapeutics (SLN) has released an update.

Silence Therapeutics reported a significant increase in net assets to £94.5 million as of September 2024, despite a rise in operating losses to £22.5 million for the same period. The company’s financial health saw a boost from cash and cash equivalents, which grew to £61.9 million, while R&D expenses weighed heavily on profitability.

For further insights into SLN stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App