Artelo Biosciences Q3 net loss widens to $3.1 mln

Reuters
11/12
<a href="https://laohu8.com/S/ARTL">Artelo Biosciences</a> Q3 net loss widens to $3.1 mln

Overview

  • Artelo Biosciences reports Q3 net loss of $3.1 mln, increased R&D and G&A expenses

  • Positive interim Phase 2 data for ART27.13 attracts partnering interest

  • Company completed public offering of common stock for $3.0 mln

Outlook

  • Company expects first-in-human study for ART12.11 to start in 1H 2026

  • Artelo sees partnering interest for ART27.13 following positive Phase 2 data

  • Company finalizing protocol for ART26.12 multiple ascending dose study

Result Drivers

  • R&D - Research and development expenses were $1.3 million for the quarter ended September 30, 2025, compared to $0.3 million for the same period in 2024, during which $1.3 million of UK tax credits were received

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$3.10 mln

Analyst Coverage

  • The one available analyst rating on the shares is "hold"

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

Press Release: ID:nGNX7PzSN7

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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