Biotech firm Curis beats Q3 revenue estimates

Curis

06/11/2025 21:14

Overview

Curis Q3 revenue increased year-over-year, beating analysts' expectations of a decline

Net loss for Q3 narrowed to $7.13 mln from $10.1 mln

Company continues advancing clinical studies in PCNSL, CLL, and AML

Outlook

Curis expects to enroll first CLL patient in late Q4 2025 or early Q1 2026

Company anticipates cash runway into Q1 2026

Result Drivers

ROYALTY REVENUE - Revenue rose to $3.2 mln from $2.9 mln, consisting of royalty revenues from Genentech/Roche's sales of Erivedge

R&D EXPENSES - Declined to $6.4 mln from $9.7 mln due to lower clinical, employee related, manufacturing, research, and consulting costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$3.18 mln
$2.86 mln (5 Analysts)
Q3 Net Income
Beat
-$7.73 mln
-$8.22 mln (5 Analysts)
Q3 Basic EPS
Beat
-$0.49
-$0.58 (5 Analysts)
Q3 Income From Operations
Beat
-$6.92 mln
-$8.20 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 Curis Inc is $17.00, about 91.6% above its November 5 closing price of $1.42

Press Release: ID:nPn2cV58Xa

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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.)