Overview
Net loss for Q3 widened to $7.2 mln, driven by increased R&D expenses
Company anticipates pivotal trial results for laromestrocel in 2026, potential BLA submission in 2027
Result Drivers
REVENUE DECLINE - Decrease in revenue driven by reduced demand for Bahamas Registry Trial and contract manufacturing services
R&D EXPENSES - Increase in R&D expenses due to higher personnel costs and technology transfer activities
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.39
Q3 Net Income
-$7.22 mln
Q3 Gross Profit
$125,000
Q3 Income from Operations
-$7.31 mln
Q3 Operating Expenses
$7.43 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 Longeveron Inc is $7.00, about 88.1% above its November 3 closing price of $0.83
Press Release: ID:nGNX71nh4V
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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.)
