Design Therapeutics reports lower-than-expected Q4 net loss

Reuters
Mar 10
Design <a href="https://laohu8.com/S/LENZ">Therapeutics</a> reports lower-than-expected Q4 net loss 

Overview

  • Biotechnology firm's Q4 net loss of $16 mln beat analyst expectations

  • Cash position of $219.8 mln expected to fund operations into 2029

Outlook

  • Design Therapeutics expects cash to fund operations into 2029

Result Drivers

  • CASH POSITION - Co reported $219.8 mln in cash and securities, expected to fund operations into 2029

Company press release: ID:nGNXc8QCWm

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Net Income

Beat

-$16 mln

-$20.31 mln (5 Analysts)

Q4 Basic EPS

-$0.27

Q4 Operating Expenses

$18.17 mln

Q4 Operating Income

-$18.17 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 Design Therapeutics Inc is $13.00, about 29.4% above its March 6 closing price of $10.05

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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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