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APRE — Aprea Therapeutics News Story

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Aprea Therapeutics Q1 net loss narrows as R&D expenses fall

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

MetricBeat/MissActualConsensus 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 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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