CRISPR Therapeutics Q2 revenue misses estimates, net loss widens

Reuters
Aug 05
CRISPR <a href="https://laohu8.com/S/LENZ">Therapeutics</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue misses estimates, net loss widens

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.)

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