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RXRX — Recursion Pharmaceuticals News Story

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Recursion Q3 revenue misses estimates, net loss widens

Overview

Recursion Q3 operating revenue misses analyst expectations

Net loss for Q3 widens, missing analyst estimates

Achieved $30 mln milestone from Roche and Genentech for microglial immune cells map

Outlook

Recursion expects cash runway to extend through 2027 without additional financing

Company anticipates over $100 mln in milestone payments by end of 2026

Result Drivers

MILESTONE PAYMENT - Achieved $30 mln milestone from Roche and Genentech for microglial immune cells map

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Operating RevenueMiss$4.98 mln$17 mln (6 Analysts)
Q3 Net IncomeMiss-$162.25 mln-$146.90 mln (3 Analysts)
Q3 Pretax ProfitMiss-$162.25 mln-$128.90 mln (1 Analyst)
Q3 Operating Income-$172.20 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 Recursion Pharmaceuticals Inc is $6.50, about 23.1% above its November 4 closing price of $5.00 Press Release: ID:nGNXgQ3S5 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

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