VistaGen fiscal Q3 net loss widens to $18.9 mln

Reuters
Feb 13
VistaGen fiscal Q3 net loss widens to $18.9 mln

Overview

  • Biopharmaceutical firm's fiscal Q3 net loss widened to $18.9 mln

  • R&D expenses increased due to PALISADE Program for social anxiety disorder

Outlook

  • VistaGen implements cash preservation initiatives ahead of clinical milestones

Result Drivers

  • R&D EXPENSES - Increased R&D expenses due to higher research, development, and contract manufacturing costs for the PALISADE Program

  • CASH PRESERVATION - Implemented cash preservation initiatives to maintain strategic flexibility as clinical milestones approach

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

-$0.45

Q3 Net Income

-$18.90 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "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 Vistagen Therapeutics Inc is $1.00, about 74.7% above its February 11 closing price of $0.57

Press Release: ID:nBw3NV4Yxa

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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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