RenovoRx Q1 revenue rises as number of active cancer centers increase

RenovoRx

14/05/2026 21:20

Overview

US oncology device maker's Q1 2026 revenue rose 186% yr/yr on expanding cancer center adoption

Net loss widened to $3.5 mln from $2.4 mln a year earlier

Company ended Q1 with $12.4 mln in cash after $10 mln private placement

Outlook

RenovoRx reiterates full-year 2026 revenue guidance of $3 mln to $4 mln

Company expects continued revenue growth in 2026 as more cancer centers are activated

RenovoRx targets 36 active commercial cancer centers by year-end 2026

Result Drivers

CANCER CENTER EXPANSION - Revenue growth mainly driven by increase in active commercial cancer center customers and higher procedural utilization

REPEAT UTILIZATION - Company observed meaningful repeat ordering from existing centers, indicating physician confidence and clinical utility

Company press release: ID:nGNX9SSfhJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$3.52 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for RenovoRx Inc is $5.50, about 548.1% above its May 13 closing price of $0.85

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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.)