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RAPT — Rapt Therapeutics News Story

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HealthcareSpeculativeMid CapMomentum Trap

RAPT Therapeutics Q2 net loss narrows to $17.6 mln, R&D expenses drop

Overview

RAPT Q2 net loss narrows to $17.6 mln from $27.7 mln last year

Research and development expenses drop; General and administrative expenses rise

Result Drivers

R&D EXPENSES - Decreased to $12.3 mln on reduced spending on zelnecirnon and tivumecirnon, offset by increased costs for RPT904 and early-stage programs

G&A EXPENSES - Increased to $7.2 mln primarily due to higher consulting and facilities costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Net Income-$17.64 mln
Q2 Basic EPS-$0.65
Q2 Operating Expenses$19.54 mln
Q2 Operating Income-$19.54 mln
Press Release: ID:nGNX3fwM4s (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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