Overview
Avalo Therapeutics Q3 net loss misses analyst expectations
Operating expenses rose due to Phase 2 LOTUS trial costs
Completed enrollment for Phase 2 LOTUS trial; data expected mid-2026
Outlook
Avalo expects cash reserves to fund operations into 2028
Topline data from Phase 2 LOTUS trial expected mid-2026
Result Drivers
R&D EXPENSES - Increased R&D expenses driven by Phase 2 LOTUS trial costs
LEADERSHIP EXPANSION - Expanded leadership team with key appointments in business development and HR
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | Miss | -$30.63 mln | -$18.75 mln (8 Analysts) |
Q3 Pretax Profit | Miss | -$30.61 mln | -$18.77 mln (7 Analysts) |
Q3 Operating Expenses | $19.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 Avalo Therapeutics Inc is $35.00, about 53% above its November 5 closing price of $16.45
Press Release: ID:nGNX4DRgXz
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(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.)