Context Therapeutics Q1 net loss widens on higher R&D costs
Context Therapeutics, Inc. CNTX | 0.00 |
Overview
US biopharma developer's Q1 net loss widened yr/yr on higher R&D expenses
Company expects cash position to fund operations into mid-2027
FDA granted Fast Track designation to lead candidate for ovarian cancer
Outlook
Company expects Phase 1a interim data for CTIM-76 trial in June 2026
Phase 1a interim data for CT-95 trial expected in September 2026
Company expects cash and cash equivalents to fund operations into mid-2027
Result Drivers
HIGHER R&D EXPENSES - Increased spending on CTIM-76, CT-202, CT-95 programs and higher personnel-related costs drove up R&D expenses
HIGHER ADMINISTRATIVE COSTS - General and administrative expenses rose due to higher salaries, share-based compensation, and professional fees
LOWER INTEREST INCOME - Other income declined due to lower interest income on cash and cash equivalents
Company press release: ID:nGNX5nTPQM
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Net Income |
|
-$8.70 mln |
|
Q1 Basic EPS |
|
-$0.09 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 Context Therapeutics Inc is $5.50, about 125.4% above its May 5 closing price of $2.44
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