Erasca (ERAS) reported a Q2 loss of late Tuesday of $0.12 per diluted share, narrowing from a loss of $0.29 a year earlier.

Two analysts polled by FactSet expected $0.12.

As of June 30, the company had cash, cash equivalents, and securities of $386.7 million, expected to fund operations into H2 2028.

Shares were down 4.5% during after-hours trading.