Black Diamond Therapeutics Q2 net loss narrows as costs drop

Reuters
2025/08/07
<a href="https://laohu8.com/S/BDIMF">Black Diamond</a> <a href="https://laohu8.com/S/LENZ">Therapeutics</a> <a href="https://laohu8.com/S/QTWO">Q2</a> net loss narrows as costs drop

Overview

  • Black Diamond Q2 net loss narrows to $10.6 mln from $19.9 mln yr/yr

  • Exploring partnerships to advance silevertinib development in NSCLC and GBM

Outlook

  • Black Diamond expects Q4 2025 data release for silevertinib Phase 2 trial

  • Company plans FDA meeting in 1H 2026 for silevertinib NSCLC path

  • Black Diamond exploring partnerships for silevertinib pivotal development

  • Company sees cash funding operations into Q4 2027

Result Drivers

  • EXPENSE REDUCTION - Reduced R&D and G&A expenses due to workforce efficiencies and restructuring

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Net Income

-$10.56 mln

Q2 Basic EPS

-$0.19

Q2 Cash & Investments

$142.80 mln

Q2 Income From Operations

-$13.42 mln

Q2 Operating Expenses

$13.42 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Black Diamond Therapeutics Inc is $11.00, about 75.5% above its August 6 closing price of $2.69

Press Release: ID:nGNX3VLXy8

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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