Tempest FY25 net loss narrows to $26.3 million; cash drops to $7.7 million

Reuters03-30

Tempest FY25 net loss narrows to $26.3 million; cash drops to $7.7 million

Tempest posted a net loss of $26 million, or $6.33 per share, for 2025.
Cash and cash equivalents fell to $7.7 million at year-end.
Research and development expenses dropped to $13 million due to re-prioritizing efforts toward exploring strategic alternatives.
General and administrative expenses edged up to $14 million on one-time separation costs tied to employee terminations.
Completed an all-stock acquisition of dual-targeting CAR-T assets from Factor Bioscience, highlighting interim REDEEM-1 data showing a 100% complete response rate in six efficacy-evaluable rrMM patients, while targeting a U.S. IND submission and potential Phase 2b registrational study initiation for TPST-2003 in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tempest Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-130480), on March 30, 2026, and is solely responsible for the information contained therein.

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