Yield10 Bioscience Announces Second Quarter 2021 Financial Results
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Yield10 Bioscience, Inc. (YTEN) Misses Q2 EPS by 10c
August 11, 2021 4:15 PM EDTYield10 Bioscience, Inc. (NASDAQ: YTEN) reported Q2 EPS of ($0.64), $0.10 worse than the analyst estimate of ($0.54).
Yield10 ended the second quarter of 2021 with $20.6 million in unrestricted cash and investments; a net decrease of $2.1 million from unrestricted cash and investments of $22.7 million versus the previous quarter ended March 31, 2021. Net cash used by operating activities during the second quarter of 2021 was $2.1 million compared to $2.3 million used in the second quarter of 2020. The Company continues to estimate net cash usage during the full year 2021 within a range of $10.0 - $11.0 million.
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