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
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(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.)
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