Regenxbio (NASDAQ: RGNX) stock surged 6.47% in pre-market trading following the release of its third-quarter 2025 financial results, which exceeded analyst expectations and demonstrated the company's improved financial position.
The biotechnology company reported Q3 earnings per share (EPS) of $(1.20), beating the estimated $(1.33). Revenue for the quarter came in at $29.733 million, surpassing the projected $24.125 million. This represents a 23% increase from the same period last year, driven by strong performance in license and royalty revenue, which reached $23.605 million.
Despite widening net losses to $61.941 million from $59.6 million year-over-year, investors were encouraged by Regenxbio's improved cash position. The company projects $302.0 million in cash, cash equivalents, and marketable securities as of September 30, 2025, which is expected to fund operations into early 2027. This extended cash runway, coupled with better-than-expected financial results, has bolstered investor confidence in Regenxbio's long-term prospects and ability to advance its pipeline of gene therapy treatments.
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