Overview
US precision oncology firm's Q1 net loss narrowed yr/yr as R&D expenses declined
Cash and cash equivalents rose to $46.5 mln after $30 mln private placement
Company observed two partial responses in ongoing Phase 1 APR-1051 trial
Outlook
Company anticipates cash runway into Q1 2028
Result Drivers
R&D EXPENSES - Decrease in research and development costs mainly due to pausing the ABOYA-119 trial evaluating ATRN-119
Company press release: ID:nGNX71cR2N
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.22
Q1 Net Income
-$3.30 mln
Q1 Operating Income
-$3.40 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "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 Aprea Therapeutics Inc is $5.00, about 455.6% above its May 12 closing price of $0.90
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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.)