Overview
BioCardia Q3 net loss decreases to $1.5 mln from $1.7 mln last year
Company closed $6 mln financing to support CardiAMP cell therapy initiatives
Research and development expenses rise due to CardiAMP HF trial activities
Result Drivers
FINANCING SUPPORT - $6 mln financing supports CardiAMP cell therapy approvability discussions and trials, per CEO Peter Altman
R&D EXPENSES - Increased R&D expenses driven by CardiAMP HF trial activities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | -$1.48 mln | ||
Q3 Basic EPS | -$0.24 | ||
Q3 Operating Income | -$1.49 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 BioCardia Inc is $15.50, about 91.4% above its November 11 closing price of $1.33
Press Release: ID:nGNX7yRdQC
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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.)