Orchestra BioMed Q1 revenue falls and misses estimates

Orchestra Biomed Holdings

12/05/2026 21:29

Overview

US biomedical device maker's Q1 revenue declined and missed analyst expectations

Net loss widened yr/yr, reflecting higher R&D costs for clinical trials

Company ended Q1 with $94.4 mln in cash and marketable securities, aided by new funding

Outlook

Cash runway projected into Q4 2027 and through achievement of key clinical and regulatory milestones

Company expects late-breaking clinical trial presentation in Q2 2027 and subsequent regulatory submissions

Result Drivers

REVENUE DECLINE - Co said revenue fell mainly due to the end of a prior distribution agreement with Terumo

HIGHER R&D SPENDING - Co attributed increased research and development expenses to ongoing BACKBEAT Trial and Virtue SAB program costs

PERSONNEL AND CONSULTING COSTS - Co said higher operating cash use reflected increased personnel and consulting expenses, including non-recurring payments

Company press release: ID:nGNX21XRZ5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$110,000
$190,750 (4 Analysts)
Q1 EPS
-$0.33
Q1 Net Income
-$20.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"

Wall Street's median 12-month price target for Orchestra Biomed Holdings Inc is $12.00, about 206.9% above its May 11 closing price of $3.91

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)