04:36 PM EDT, 08/26/2024 (MT Newswires) -- Molecular Partners ( MOLN ) reported late Monday H1 net loss of 0.80 Swiss francs ($0.94) per diluted share, narrowing from a loss of 0.94 Swiss francs a year earlier.

Revenue for the six months ended June 30 was 4.3 million francs, up from 3.5 million francs a year earlier.

Comparable analysts' estimates were not available.

Cash balance including time deposits was 159.1 million francs as of June 30, down from 218.2 million francs a year earlier.

The company said through its cash and short-term time deposits, it anticipates securing financing until 2027.

Shares of Molecular Partners ( MOLN ) rose more than 12% in after-hours activity.

Price: 6.96, Change: +0.77, Percent Change: +12.44