Overview
US thermoacoustic imaging firm's Q4 operating expenses fell, narrowing net loss yr/yr
Company initiated review of strategic alternatives to maximize shareholder value
TAEUS Liver device showed strong clinical progress in feasibility and reproducibility studies
Result Drivers
COST MANAGEMENT - Co said lower operating expenses were due to streamlining and focus on core development priorities
CLINICAL PROGRESS - Co highlighted positive feasibility and reproducibility results for TAEUS Liver device
Company press release: ID:nBw3zgrzba
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
-$3.20 mln
Q4 Operating Expenses
$1.60 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for ENDRA Life Sciences Inc is $30.00, about 541% above its March 30 closing price of $4.68
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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.)