Generation Bio's Q3 net loss narrows to $5.5 mln

Reuters
11/06
<a href="https://laohu8.com/S/GBIO">Generation Bio</a>'s Q3 net loss narrows to $5.5 mln

Overview

  • Generation Bio Q3 net loss improves to $5.5 mln from $15.3 mln last year

  • Company's collaboration revenue declines sharply in Q3

  • Lease settlement results in $25.5 mln gain on lease termination

Outlook

  • Company expects cash reserves to fund operations for foreseeable future

Result Drivers

  • LEASE SETTLEMENT - Co recorded a $25.5 mln gain from a lease termination settlement

  • INCREASED EXPENSES - R&D and G&A expenses rose due to ongoing investments

  • COLLABORATION REVENUE DECLINE - Co's collaboration revenue fell significantly in Q3

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Collaboration Revenue

$1.59 mln

Q3 EPS

-$0.82

Q3 Net Income

-$5.52 mln

Q3 Basic EPS

-$0.82

Q3 Operating Expenses

$8.30 mln

Q3 Operating Income

-$6.71 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "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 Generation Bio Co is $13.50, about 61.1% above its November 4 closing price of $5.25

Press Release: ID:nGNX2l50tv

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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10