Cancer drug developer RenovoRx's Q3 net loss widens

Reuters
2025/11/14
Cancer drug developer RenovoRx's Q3 net loss widens

Overview

  • RenovoRx Q3 revenue at $266,000, reflecting early-stage commercialization progress

  • Net loss for Q3 2025 was $2.9 mln, compared to $2.5 mln in Q3 2024

  • Company expects revenue growth in 2026 to offset cash burn

Outlook

  • RenovoRx expects revenue growth in 2026 to offset cash burn

  • RenovoRx plans strategic expansion with increased physician advocacy

Result Drivers

  • COMMERCIAL EXPANSION - RenovoRx expanded from 5 to 14 cancer centers approved to purchase RenovoCath, reflecting growing market adoption

  • SALES TEAM GROWTH - Co hired new sales leadership, including Philip Stocton as Senior Director of Sales, to support commercialization

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$2.91 mln

Q3 Basic EPS

-$0.08

Q3 Operating Expenses

$3.41 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • Wall Street's median 12-month price target for RenovoRx Inc is $3.75, about 73.3% above its November 12 closing price of $1.00

Press Release: ID:nGNX8XzfdS

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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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