IO Biotech reports $8.4 mln Q3 net loss

Reuters
11/14
<a href="https://laohu8.com/S/IOBT">IO Biotech</a> reports $8.4 mln Q3 net loss

Overview

  • IO Biotech reports Q3 net loss of $8.4 mln, operating expenses decreased yr/yr

  • Company narrowly missed statistical significance in Phase 3 trial for advanced melanoma

  • Meeting with FDA scheduled to discuss new Phase 3 trial design for advanced melanoma

Outlook

  • Company expects cash reserves to support operations through Q1 2026

  • Meeting with FDA scheduled to discuss new Phase 3 trial design for advanced melanoma

Result Drivers

  • Research and development expenses were $13.7 million for the three months ended September 30, 2025, compared to $20.2 million for the three months ended September 30, 2024

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$8.38 mln

Q3 Basic EPS

-$0.13

Q3 Operating Expenses

$19.36 mln

Q3 Operating Income

-$19.36 mln

Q3 Pretax Profit

-$10.04 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "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 IO Biotech Inc is $3.00, about 72.9% above its November 13 closing price of $0.81

Press Release: ID:nGNX5jGM31

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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