Candel Therapeutics Q3 net loss widens to $11.3 mln

Reuters

2025/11/13

Candel <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Q3 net loss widens to $11.3 mln

Overview

Candel Therapeutics reports Q3 net loss of $11.3 mln, increased from last year
Company secures $130 mln loan facility with Trinity Capital to fund operations
Company advances CAN-2409 and CAN-3110 programs, planning pivotal trials in 2026

Outlook

Company plans phase 3 trial of CAN-2409 in NSCLC in Q2 2026
Company expects prostate cancer DFS data in Q2 2026
Company plans BLA submission for CAN-2409 in Q4 2026

Result Drivers

FINANCIAL STRATEGY - Co secures $130 mln loan facility to fund operations and upcoming pivotal trials
INCREASED EXPENSES - R&D expenses rose due to manufacturing and regulatory costs for CAN-2409, G&A expenses increased due to commercial readiness

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Net Income		-$11.27 mln
Q3 Income From Operations	Miss	-$13.21 mln	-$11.80 mln (5 Analysts)
Q3 Basic EPS		-$0.21
Q3 Operating Expenses		$13.21 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 Candel Therapeutics Inc is $19.50, about 74.8% above its November 12 closing price of $4.92

Press Release: ID:nGNX7TlBvt

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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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(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.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Candel Therapeutics Q3 net loss widens to $11.3 mln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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medical research peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Candel Therapeutics Inc is $19.50, about 74.8% above its November 12 closing price of $4.92</p></li></ul><p>Press Release: <span>ID:nGNX7TlBvt</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}