Kezar Life Sciences posts narrower Q3 net loss, cuts workforce by 70%

Kezar Life Sciences

12/11/2025 21:10

Overview

Kezar Q3 net loss narrows to $11.2 mln from $20.3 mln last year

Company reduces workforce by 70% as part of strategic review

R&D expenses for Q3 fall to $6.9 mln from $16.2 mln last year

Outlook

Company is implementing cost-containment and cash conservation measures during strategic review

Kezar is exploring strategic alternatives to maximize shareholder value

Company has not provided specific financial guidance for future quarters

Result Drivers

R&D EXPENSES - Decrease in R&D expenses due to completion of clinical trials and lower personnel costs, partially offset by increased drug manufacturing expense

G&A EXPENSES - Declined by $0.9 mln due to decrease in non-cash stock-based compensation and personnel-related expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$11.23 mln
Q3 Operating Expenses
$11.72 mln
Q3 Operating Income
-$11.72 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 Kezar Life Sciences Inc is $6.00, about 3% below its November 11 closing price of $6.18

Press Release: ID:nBw2ymFSka

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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.)