Coya Therapeutics Q1 net loss narrows on lower R&D spends

Coya Therapeutics

12/05/2026 12:44

Overview

U.S. biotech developer's Q1 collaboration revenue was flat yr/yr at $0.25 mln

Net loss for Q1 narrowed slightly to $7.2 mln from $7.3 mln last year

Company raised $11.1 mln in private placement, ending Q1 with $50.7 mln cash

Outlook

Coya maintains guidance for 1Q 2027 topline readout from ALSTARS Phase 2 ALS trial

Company targets full enrollment of ALSTARS Phase 2 trial in 2H 2026

Coya expects to initiate Phase 2a study for FTD in 2H 2026

Result Drivers

LOWER R&D SPENDING - Research and development expenses fell due to lower external preclinical and clinical activity, reflecting timing of IND-supporting work in early 2025

HIGHER ADMIN COSTS - General and administrative expenses rose due to increased employee compensation, including a $1.0 mln non-cash charge for stock option modifications after the former Executive Chairman's resignation

Company press release: ID:nBw44Dn8Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.32
Q1 Net Income
-$7.2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 Coya Therapeutics Inc is $15.50, about 270.8% above its May 11 closing price of $4.18

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.)