Trevi Therapeutics, Inc. (NASDAQ: TRVI) saw its stock price plummet by 5.57% during Thursday's intraday trading session following the release of its third-quarter 2025 financial results. The biopharmaceutical company, which focuses on developing treatments for chronic cough and neurologically mediated disorders, reported figures that fell short of investor expectations.
The company's Q3 earnings report revealed a net loss of $11.802 million, translating to an earnings per share (EPS) of -$0.08. This substantial loss appears to have triggered a negative reaction from investors. Additionally, Trevi Therapeutics reported operating expenses of $13.916 million for the quarter, contributing to an income from operations of -$13.916 million.
These financial results suggest that Trevi Therapeutics continues to face challenges in its path to profitability. The significant operating expenses, coupled with the lack of revenue mentioned in the report, indicate that the company is still in its development phase and burning through cash. Investors may be concerned about the company's cash runway and its ability to bring its pipeline products to market without additional fundraising. The sharp stock decline reflects these concerns and the market's reassessment of Trevi Therapeutics' near-term prospects.
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