Overview
Mineralys Q3 net loss narrows to $36.9 mln from $56.3 mln in prior year
R&D expenses decreased due to conclusion of lorundrostat pivotal program
Company completed $287.5 mln public equity financing, boosting cash reserves
Outlook
Company has funds to support operations into 2028
Result Drivers
R&D EXPENSES - Decrease in R&D expenses due to conclusion of lorundrostat pivotal program
CASH POSITION - Completion of $287.5 mln public equity financing strengthened cash reserves
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | -$0.52 | ||
Q3 Net Income | -$36.93 mln | ||
Q3 Operating Expenses | $41.13 mln | ||
Q3 Operating Income | -$41.13 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 Mineralys Therapeutics Inc is $46.50, about 18.2% above its November 7 closing price of $38.02
Press Release: ID:nGNX7bYDBY
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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.)