Overview
Humacyte Q3 net income beats analyst expectations, despite a slight miss in operating income
Company's Q3 revenue increased significantly due to Symvess sales
Outlook
Humacyte plans supplemental BLA filing for ATEV dialysis indication in second half of 2026
Company aims to start first-in-human CTEV study for CABG in 2026
Humacyte expands intellectual property with new patent for bioengineered esophagus
Result Drivers
SYMVESS SALES GROWTH - Significant increase in Symvess sales driven by hospital approvals and inclusion in U.S. Defense Logistics Agency’s ECAT
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | Beat | -$17.51 mln | -$25.13 mln (6 Analysts) |
Q3 Operating Income | Slight Miss* | -$24.39 mln | -$24.27 mln (6 Analysts) |
Q3 Basic EPS | -$0.11 | ||
Q3 Operating Expenses | $25.14 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "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 Humacyte Inc is $3.50, about 63.4% above its November 11 closing price of $1.28
Press Release: ID:nGNX54t6bm
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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.)