Shares of Syndax Pharmaceuticals (NASDAQ: SNDX) tumbled 9.08% in after-hours trading on Monday following the release of its third-quarter 2025 financial results. The biopharmaceutical company's revenue fell short of analyst expectations, overshadowing a slight earnings beat.
Syndax reported Q3 revenue of $45.871 million, missing the consensus estimate of $48 million. This represents a 21% increase from the previous quarter but failed to meet market expectations. The company's earnings per share (EPS) came in at -$0.70, slightly better than the -$0.72 anticipated by analysts.
Despite the EPS beat, investors appear to be focusing on the revenue miss and overall financial performance. The company reported operating expenses of $103.297 million for the quarter and a net loss of $60.715 million. Syndax's cash position remains strong at $456.1 million, which could provide some comfort to long-term investors. However, the market's immediate reaction suggests concerns about the company's growth trajectory and ability to meet revenue expectations in the competitive biopharmaceutical landscape.
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