Tyra Biosciences Q2 net loss widens to $28.1 mln

Reuters
Aug 15
<a href="https://laohu8.com/S/TYRA">Tyra Biosciences</a> <a href="https://laohu8.com/S/QTWO">Q2</a> net loss widens to $28.1 mln

Overview

  • Tyra Biosciences Q2 net loss widens to $28.1 mln from $18.7 mln last year

  • Basic EPS beats analyst expectations, despite increased R&D and G&A expenses

  • Co dosed first patient in SURF302 Phase 2 bladder cancer study

Outlook

  • Tyra expects cash reserves to support operations through at least 2027

  • Company anticipates Phase 2 readouts in SURF302 and BEACH301

  • Tyra sees significant opportunity in FGFR3-targeted therapies for bladder cancer

  • Company plans to dose first child in BEACH301 study in 3Q 2025

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Net Income

-$28.10 mln

Q2 Basic EPS

Beat

-$0.47

-$0.53 (8 Analysts)

Q2 Operating Income

Beat

-$31.45 mln

-$33.50 mln (8 Analysts)

Q2 Operating Expenses

$31.45 mln

Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 8 "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 Tyra Biosciences Inc is $30.00, about 64.2% above its August 13 closing price of $10.75

Press Release: ID:nPnc2yZXMa

(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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