Overview
CRISPR Q2 revenue missed analyst expectations, reflecting financial challenges, per LSEG data
Net loss for Q2 increased to $208.5 mln compared to last year
Co achieved milestone with 75 authorized treatment centers for CASGEVY therapy
Outlook
CRISPR Therapeutics anticipates presenting CTX310 Phase 1 data in H2 2025
Company plans CTX112 updates in oncology and autoimmune diseases in H2 2025
CRISPR Therapeutics expects CTX320 update in H1 2026
Result Drivers
CASGEVY EXPANSION - Activation of 75 authorized treatment centers globally for CASGEVY therapy, marking a milestone in commercial rollout
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $892,000 | $6.25 mln (18 Analysts) |
Q2 EPS | -$2.4 | ||
Q2 Basic EPS | -$2.4 | ||
Q2 Operating Expenses | $230.22 mln | ||
Q2 Pretax Profit | -$207.26 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 11 "hold" and 1 "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 CRISPR Therapeutics AG is $79.50, about 29.4% above its August 1 closing price of $56.09
Press Release: ID:nGNX85Nwmd
(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.)