Overview
Tenaya Therapeutics Q2 net loss of $23.3 mln narrows
Co completes enrollment in key gene therapy trials, enabling dose expansion
Cash reserves expected to support operations into second half of 2026
Outlook
Tenaya anticipates TN-201 and TN-401 data readouts in Q4 2025
Company expects cash runway into second half of 2026
Result Drivers
TRIAL ENROLLMENT - Completion of enrollment in TN-201 and TN-401 trials enables dose expansion, per CEO Faraz Ali
SAFETY APPROVAL - Positive DSMB safety review allows dose escalation for TN-201 and TN-401 trials
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income | Beat | -$23.28 mln | -$25.90 mln (5 Analysts) |
Q2 Operating Income | Beat | -$24.08 mln | -$26.30 mln (4 Analysts) |
Q2 Pretax Profit | Beat | -$23.28 mln | -$25.90 mln (5 Analysts) |
Q2 Basic EPS | -$0.14 | ||
Q2 Operating Expenses | $24.08 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 Tenaya Therapeutics Inc is $5.00, about 86.1% above its August 5 closing price of $0.70
Press Release: ID:nGNX8sTDLv
(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.)