Overview
Inhibikase Q3 net loss widens to $11.9 mln, driven by increased R&D and SG&A expenses
Cash reserves drop to $77.3 mln from $97.5 mln at year-end 2024
Result Drivers
EXECUTIVE TRANSITIONS - SG&A expenses rose due to executive transitions, including severance costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | -$0.13 | ||
Q3 Net Income | -$11.9 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 Inhibikase Therapeutics Inc is $8.00, about 80% above its November 13 closing price of $1.60
Press Release: ID:nGNX1nL2l3
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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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