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SER — Serina Therapeutics News Story

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Serina Therapeutics Q2 net loss widens on higher expenses

Serina Therapeutics Q2 net loss widens on higher expenses


Overview

  • US biotech firm reported no Q2 revenue and a wider net loss yr/yr

  • Q2 operating expenses rose due to higher R&D and legal costs


Result Drivers

  • R&D SPENDING - Co said higher Q2 R&D expenses were driven by increased headcount and greater clinical-related activity

  • LEGAL AND FINANCING COSTS - Co attributed higher Q2 general and administrative expenses to legal expenses associated with patent and financing activities


Company press release: ID:nGNX6fPLvd


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Income From Operations

-$6.78 mln

Q2 Operating Expenses

$6.78 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 Serina Therapeutics, Inc. is $9.50, about 236.9% above its August 12 closing price of $2.82


Reuters Recommended Reads

  • Aug 13 - Kodiak Sciences Q2 net loss widens on higher R&D costs

  • Aug 12 - Longeveron Q2 net loss widens on higher legal, clinical trial costs

  • Aug 12 - Eloxx Pharmaceuticals Q2 net loss widens on higher expenses


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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