Overview
Intellia Q2 collaboration revenue rises to $14.2 mln from $6.9 mln yr ago
Net loss narrows to $101.3 mln from $147.0 mln yr ago
Co progressing ahead of schedule in Phase 3 trials for ATTR amyloidosis and HAE
Outlook
Company expects cash reserves to fund operations into H1 2027
Result Drivers
COLLABORATION REVENUE - Increase due to cost reimbursements from Regeneron Pharmaceuticals collaboration
COST DECLINE - R&D and G&A expenses dwcline year over year due to lower stock-based compensation, among other reasons
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Collaboration Revenue
$14.24 mln
Q2 Net Income
-$101.26 mln
Q2 Basic EPS
-$0.98
Q2 Operating Expenses
$124.24 mln
Q2 Operating Income
-$110 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 6 "hold" and 1 "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 Intellia Therapeutics Inc is $30.00, about 62.1% above its August 6 closing price of $11.37
Press Release: ID:nGNX4YW9MW
(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.)