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.)