Absci Corporation (NASDAQ: ABSI) saw its stock price plummet 16.77% in after-hours trading on Wednesday following the release of its third-quarter 2025 financial results. The biotechnology company's performance fell short of analyst expectations, triggering a significant sell-off.
For the third quarter, Absci reported revenue of $378,000, which represents a steep 77.78% decrease compared to the same period last year and falls significantly below the analyst consensus estimate of $1.52 million. The company's earnings per share (EPS) came in at $(0.20), slightly better than the expected $(0.21), but still indicating substantial losses.
The disappointing results were accompanied by concerning financial metrics. Absci's net loss for the quarter widened to $28.7 million, while operating expenses remained high at $30.5 million. Despite the challenges, the company reported some positive developments, including interim Phase 1 results for ABS-101 and plans to initiate a Phase 1/2a trial for ABS-201 in December. Additionally, Absci is expanding its strategy for ABS-201 to include endometriosis, with a Phase 2 trial anticipated to begin in the fourth quarter of 2026.
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