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IKT Inhibikase Therapeutics News Story

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Cardiopulmonary drugmaker Inhibikase Therapeutics' Q3 net loss widens

Overview

Inhibikase Q3 net loss widens to $11.9 mln, driven by increased R&D and SG&A expenses

Cash reserves drop to $77.3 mln from $97.5 mln at year-end 2024

Result Drivers

EXECUTIVE TRANSITIONS - SG&A expenses rose due to executive transitions, including severance costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS-$0.13
Q3 Net Income-$11.9 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 Inhibikase Therapeutics Inc is $8.00, about 80% above its November 13 closing price of $1.60 Press Release: ID:nGNX1nL2l3 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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