Context Therapeutics Q2 net loss widens, cash funds ops into 2027

Reuters
Aug 07
Context <a href="https://laohu8.com/S/LENZ">Therapeutics</a> <a href="https://laohu8.com/S/QTWO">Q2</a> net loss widens, cash funds ops into 2027

Overview

  • Context Q2 net loss widens to $8.8 mln from $2.3 mln last year

Outlook

  • Cash and cash equivalents total $83.5 mln, funding operations into 2027

Result Drivers

  • R&D EXPENSES - Increase driven by development of CTIM-76, CT-95, and CT-202

  • CLINICAL PIPELINE - Focus on progressing trials for CTIM-76 and CT-95, with dose escalation data expected in 2026

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Net Income

-$8.80 mln

Q2 Basic EPS

-$0.09

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 Context Therapeutics Inc is $5.00, about 86% above its August 5 closing price of $0.70

Press Release: ID:nGNX5zGStQ

(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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