Savara Q3 net loss widens

Overview

Savara reports Q3 net loss of $29.6 mln, compared to $24.2 mln loss last year

Company strengthens balance sheet with $140 mln equity financing

Outlook

Savara strengthens balance sheet to support potential MOLBREEVI launch

Result Drivers

R&D EXPENSES - Increase in R&D expenses due to MOLBREEVI program activities, including regulatory and quality assurance costs

ADMINISTRATIVE COSTS - Significant rise in general and administrative expenses due to strategic personnel additions and commercial activities

BALANCE SHEET STRENGTHENING - $140 mln equity financing enhances financial position for MOLBREEVI commercialization

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS-$0.14
Q3 Net Income-$29.56 mln
Q3 Income from Operations-$30.26 mln
Q3 Operating Expenses$30.26 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "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 Savara Inc is $10.75, about 59.7% above its November 11 closing price of $4.33 Press Release: ID:nBw4lcyh2a 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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