Amylyx Pharma Q3 loss narrows

Reuters11-06
Amylyx Pharma Q3 loss narrows

Overview

  • Amylyx Q3 net loss narrows, beating analyst expectations for EPS and net income

  • Company's cash position strengthened by $191 mln public offering, extending runway into 2028

  • Completion of recruitment for Phase 3 LUCIDITY trial expected in Q1 2026

Outlook

  • Company expects to complete recruitment for Phase 3 LUCIDITY trial in Q1 2026

  • Topline data from LUCIDITY trial anticipated in Q3 2026

  • Commercial launch of avexitide anticipated in 2027, if approved

Result Drivers

  • Research and development expenses for the third quarter of 2025 were $19.9 million, compared to $21.2 million for the same period in 2024

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

Beat

-$0.37

-$0.47 (7 Analysts)

Q3 Net Income

Beat

-$34.39 mln

-$41.60 mln (8 Analysts)

Q3 Operating Income

Beat

-$36.03 mln

-$43.10 mln (9 Analysts)

Q3 Pretax Profit

Beat

-$34.39 mln

-$42.50 mln (6 Analysts)

Q3 Operating Expenses

$36.03 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "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 Amylyx Pharmaceuticals Inc is $19.00, about 30.3% above its November 5 closing price of $13.24

Press Release: ID:nBw1MCSvVa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment