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RLMD — Relmada Therapeutics News Story

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Relmada Therapeutics Q3 net loss narrows

Overview

Relmada Q3 net loss narrows to $10.1 mln from $21.7 mln in Q3 2024

Company completed $100 mln offering to support operations into 2028

Result Drivers

FINANCIAL SUPPORT - Completed $100 mln offering to support planned operations into 2028

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income-$10.10 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "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 Relmada Therapeutics Inc is $1.00, about 291% below its November 12 closing price of $3.91 Press Release: ID:nGNX1dRhS7 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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