Ovid Therapeutics Q3 revenue slightly beats expectations

Reuters11-12
Ovid <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Q3 revenue slightly beats expectations

Overview

  • Ovid Therapeutics Q3 revenue slightly beats analyst expectations

  • Meg Alexander appointed CEO, effective January 2026

Outlook

  • Ovid plans Phase 2a trial for OV329 in Q2 2026

  • Company expects OV350 data in Q4 2025

  • Ovid anticipates OV4071 clinical trial start in Q2 2026

Result Drivers

  • Research and development expenses were $5.9 million for the third quarter ended September 30, 2025, compared to $7.9 million for the same period in 2024

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$132,000

$131,430 (7 Analysts)

Q3 EPS

-$0.17

Q3 Net Income

-$12.16 mln

Q3 Operating Expenses

$12.66 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "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 Ovid Therapeutics Inc is $4.50, about 70% above its November 11 closing price of $1.35

Press Release: ID:nGNX3mxvZJ

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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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