Recursion Q3 revenue misses estimates, net loss widens

Reuters
Nov 05
<a href="https://laohu8.com/S/RXRX">Recursion</a> Q3 revenue misses estimates, net loss widens

Overview

  • Recursion Q3 operating revenue misses analyst expectations

  • Net loss for Q3 widens, missing analyst estimates

  • Achieved $30 mln milestone from Roche and Genentech for microglial immune cells map

Outlook

  • Recursion expects cash runway to extend through 2027 without additional financing

  • Company anticipates over $100 mln in milestone payments by end of 2026

Result Drivers

  • MILESTONE PAYMENT - Achieved $30 mln milestone from Roche and Genentech for microglial immune cells map

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenue

Miss

$4.98 mln

$17 mln (6 Analysts)

Q3 Net Income

Miss

-$162.25 mln

-$146.90 mln (3 Analysts)

Q3 Pretax Profit

Miss

-$162.25 mln

-$128.90 mln (1 Analyst)

Q3 Operating Income

-$172.20 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 Recursion Pharmaceuticals Inc is $6.50, about 23.1% above its November 4 closing price of $5.00

Press Release: ID:nGNXgQ3S5

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(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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