Overview
Gossamer Bio Q3 revenue from collaborations rises to $13.3 mln, up from $9.5 mln in 2024
Net loss for Q3 widens to $48.2 mln from $30.8 mln in 2024
Outlook
Company expects topline results from PROSERA Phase 3 Study in February 2026
First site activated for SERANATA Phase 3 Study in PH-ILD
Company's cash reserves expected to fund operations into 2027
Result Drivers
R&D EXPENSES - Increase in R&D expenses to $45.5 mln from $34.9 mln in 2024 due to ongoing clinical trials
COLLABORATION REVENUE - Revenue from collaboration with Chiesi increased to $13.3 mln from $9.5 mln in 2024
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | -$0.21 | ||
Q3 Net Income | -$48.22 mln | ||
Q3 Basic EPS | -$0.21 | ||
Q3 Operating Expenses | $62.41 mln | ||
Q3 Operating Income | -$49.11 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 Gossamer Bio Inc is $9.00, about 74.4% above its November 4 closing price of $2.30
Press Release: ID:nBw46f6tta
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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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