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AEMD — Aethlon Medical News Story

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Aethlon Medical Q1 operating expenses fall on lower professional fees

Aethlon Medical Q1 operating expenses fall on lower professional fees


Overview

  • US clinical-stage therapeutic firm's fiscal Q1 operating expenses fell 12% yr/yr, reducing operating loss

  • Company ended Q1 with $4.9 mln cash, raised $4.0 mln post-quarter via stock offering

  • First participant dosed in final cohort of Phase 1 oncology study for Hemopurifier


Outlook

  • Company expects cash resources to fund operations for at least the next 12 months


Result Drivers

  • LOWER OPERATING EXPENSES - Co said Q1 operating expenses fell 12% yr/yr due to lower professional fees and reduced general and administrative and preclinical research costs

  • CLINICAL PROGRAM PROGRESS - Co dosed first participant in final cohort of Phase 1 oncology study and reported preliminary biomarker signals supporting continued evaluation of Hemopurifier


Company press release: ID:nPn5Y3w9ta


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Loss Per Share

$4.02


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."

  • Wall Street's median 12-month price target for Aethlon Medical Inc is $10.00, about 228.9% above its August 12 closing price of $3.04


Reuters Recommended Reads

  • Aug 12 - Oncology device maker RenovoRx's Q2 revenue surges, raises FY outlook

  • Aug 11 - Oncology firm Immunome's Q2 net loss widens as R&D costs rise

  • Aug 13 - Aktis Oncology Q2 net loss widens on higher R&D, administrative costs


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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