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IntelGenx Technologies Narrows Q4 Loss, Revenue Rises
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IntelGenx Technologies Narrows Q4 Loss, Revenue Rises
Mar 21, 2024 6:22 AM

08:54 AM EDT, 03/21/2024 (MT Newswires) -- IntelGenx Technologies Corp. ( IGXT ) on Thursday reported a fourth-quarter comprehensive loss of US$1.7 million ($2.3 million), narrower than a loss of US$2.3 million a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was US$426,000, up from US$173,000 a year earlier. The change is mainly attributable to an increase in research and development revenues, the company said.

Adjusted EBITDA loss for Q4 was US$1.7 million, down from US$2.3 million a year ago.

As at Dec. 31, 2023, the company's cash and short-term investments were US$2.3 million.

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