Cue Biopharma Q3 collaboration revenue falls

Reuters
Nov 13
<a href="https://laohu8.com/S/CUE">Cue Biopharma</a> Q3 collaboration revenue falls

Overview

  • Cue Biopharma Q3 collaboration revenue declines

  • Company announces $15 mln collaboration with ImmunoScape for cell therapy development

  • Operating expenses decreased due to lower clinical trial costs and compensation

Outlook

  • Company did not provide specific financial guidance for future quarters in its press release

Result Drivers

  • REDUCED R&D EXPENSES - Decrease in research and development expenses due to lower clinical trial costs and employee compensation

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Collaboration Revenue

$2.15 mln

Q3 Net Income

-$7.45 mln

Q3 Basic EPS

-$0.07

Q3 Income From Operations

-$7.60 mln

Q3 Operating Expenses

$9.74 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 Cue Biopharma Inc is $4.00, about 82.9% above its November 11 closing price of $0.68

Press Release: ID:nGNXD9jy3

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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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