Overview
Recursion Q3 operating revenue misses analyst expectations
Net loss for Q3 widens, missing analyst estimates
Achieved $30 mln milestone from Roche and Genentech for microglial immune cells map
Outlook
Recursion expects cash runway to extend through 2027 without additional financing
Company anticipates over $100 mln in milestone payments by end of 2026
Result Drivers
MILESTONE PAYMENT - Achieved $30 mln milestone from Roche and Genentech for microglial immune cells map
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue | Miss | $4.98 mln | $17 mln (6 Analysts) |
Q3 Net Income | Miss | -$162.25 mln | -$146.90 mln (3 Analysts) |
Q3 Pretax Profit | Miss | -$162.25 mln | -$128.90 mln (1 Analyst) |
Q3 Operating Income | -$172.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 Recursion Pharmaceuticals Inc is $6.50, about 23.1% above its November 4 closing price of $5.00
Press Release: ID:nGNXgQ3S5
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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.)