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
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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.)
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