ALX Oncology Q3 net loss narrows as R&D costs drop

Reuters
2025/11/07
ALX Oncology Q3 net loss narrows as R&D costs drop

Overview

  • ALX Oncology Q3 net loss narrows to $22.1 mln, driven by reduced R&D expenses

  • Appointed Barbara Klencke, M.D., as interim Chief Medical Officer

Outlook

  • Company expects cash runway to last into Q1 2027

  • ALX Oncology anticipates interim data for ASPEN-09 in Q3 2026

  • Initial safety data for ALX2004 expected in 1H 2026

Result Drivers

  • R&D EXPENSES - Reduced R&D expenses contributed to a narrower net loss for the quarter

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

-$0.41

Q3 Net Income

-$22.14 mln

Q3 Basic EPS

-$0.41

Q3 Income from Operations

-$22.53 mln

Q3 Operating Expenses

$22.53 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"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for ALX Oncology Holdings Inc is $3.00, about 60.7% above its November 6 closing price of $1.18

Press Release: ID:nGNXb38NFx

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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