Overview
Intensity Therapeutics Q3 net loss narrows to $2.7 mln from $3.5 mln last year
Company raised $13.6 mln since Q3 start, extending cash runway to Q1 2027
Research and development expenses decreased due to lower clinical trial costs
Outlook
Company plans to reinitiate INVINCIBLE-4 Study enrollment in Q1 2026
Company aims to restart INVINCIBLE-3 Study enrollment once funding is secured
Cash runway extended until end of Q1 2027
Result Drivers
CLINICAL TRIAL EXPENSES - Trial expenses fell $0.4 mln due to lower INVINCIBLE-3 study costs, helping lower overall R&D costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Basic EPS | -$0.06 | ||
Q3 Operating Income | -$2.73 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Intensity Therapeutics Inc is $3.00, about 81% above its November 5 closing price of $0.57
Press Release: ID:nPn5n20YQa
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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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